Property summary
This exceptional investment opportunity presents a well-maintained eight-unit apartment building located at 400 S BROADWAY, Goreville, IL 62939. Built in 2007, the property boasts a total of 5,760 square feet and comprises a single building. The layout offers a diverse mix of residential units, ideal for a range of tenants. Upstairs, you'll find four apartments: two one-bedroom units and two two-bedroom units, providing flexibility and appealing to various rental needs. On the ground floor, the property includes a large open area, a dedicated office space, and a one-bedroom apartment, adding to the income potential and versatility of the property. This property is situated in Johnson County, Illinois, offering a strong foundation for a stable and profitable investment. The asking price for this turnkey operation is $340,000. The property's size and configuration make it an attractive option for both seasoned investors and those seeking to enter the multifamily market. With its established rental income streams and potential for further growth, this Goreville apartment building represents a compelling investment opportunity. The property's location and solid construction contribute to its long-term value and potential for appreciation. This is a rare chance to acquire a well-established multifamily property in a desirable location.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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