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    5 Beverly Ln Marissa, IL 62257

    Sponsored
    For Sale
    $50,000

    Four-unit apartment complex, high rental potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional investment opportunity presents a four-unit apartment complex located at 5 Beverly Lane, Marissa, IL. Situated on a 0.11-acre lot, this property offers significant potential for immediate and long-term returns. Currently configured as four one-bedroom, one-bathroom units, the complex provides a solid foundation for a rental income stream. The property includes an off-street parking area for tenant convenience, a significant advantage in this location. Its proximity to a Dollar General store further enhances its appeal to potential renters. While some repairs are needed, the phased renovation approach allows for immediate cash flow generation. Renovations can be strategically undertaken, updating and renting out one unit at a time while work progresses on the remaining units. This minimizes downtime and maximizes rental income throughout the improvement process. Note that the property currently utilizes a single water meter. This property represents a compelling investment opportunity for those seeking a hands-on project with strong potential for substantial returns. The combination of location, unit configuration, and the potential for phased renovations makes this a truly attractive proposition in the competitive Marissa, IL market. The 0.11-acre lot provides ample space for tenants and future improvements. Don't miss this chance to acquire a valuable multi-family asset with significant upside.

    Property Features for 5 Beverly Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,792 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marissa
    County
    St Clair-IL
    State
    Illinois
    Longitude
    -89.75055
    Latitude
    38.25114

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    FAQs

    What type of property is this?
    Commercial real estate - Four-unit apartment complex, high rental potential.
    Where is this commercial real estate located?
    The property is located at 5 Beverly Ln Marissa, IL.
    What is the asking price?
    The asking price for this property is $50,000.
    473-2500
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    5 Beverly Ln Marissa, IL 62257
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Beverly Ln Marissa, IL 62257
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