10608 Lincoln Trl Fairview Heights, IL 62208-1941
- Office buildings
- 0.57 lot acres
Current Use by Public Records
- Office buildings
Property Details for 10608 Lincoln Trl
- Year built
- 1963
- Lot size
- 0.57 lot acres
- Property type
- Office buildings
- APN
- 03-28-0-302-051
- APU
- 3280302051
Description
This exceptional 8-unit apartment building presents a compelling value-add investment opportunity in the thriving Fairview Heights, Illinois market. Located at 10608 Lincoln Trail, this two-story property sits on a 0.85-acre lot and boasts 100% occupancy, generating a strong pro-forma NOI of $63,136 and a pro-forma cap rate of 11.48%. The asking price is $550,000. The building comprises a mix of unit sizes: four 2-bedroom/1-bathroom units and four 1-bedroom/1-bathroom units, catering to a diverse renter base. Conveniently situated in a high-traffic retail district, the property benefits from excellent visibility and accessibility. Its strategic location provides easy access to major interstate and highway systems, enhancing its appeal to commuters and residents alike. The ample parking with 12 spaces adds to the property's desirability. The property is zoned M-1, offering potential for future development or expansion. The property's strong performance, combined with its prime location and value-add potential, makes it an attractive investment for discerning buyers seeking a stable and profitable asset in a growing market. The APN is 03-28.0-302-049. This is a rare opportunity to acquire a fully occupied multifamily property in a desirable location with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $305,000
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Location Insight
- Map
- Local Demand
- City
- Fairview Heights
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9956
- Latitude
- 38.5924
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
