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    OFF-MARKET
    Retail properties & Spaces

    400 Broadway, Goreville, IL 62939

    5,760 SF Built 2007
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail properties & Spaces
    Year built 2007
    Total area 5,760 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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