332 Velde St Creve Coeur, IL 61610
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 332 Velde St
- Year built
- 1971
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained, two-building apartment complex located in Creve Coeur, Illinois, at 332 Velde St, zip code 61610. The property consists of six one-story apartment units, three in each building, offering comfortable living spaces. Currently, the complex boasts long-term tenants, ensuring a steady income stream. One unit has recently undergone renovations and is immediately ready for occupancy, presenting an immediate opportunity to increase rental income. Ample uncovered parking is available for residents. An additional vacant lot on the property offers potential for future expansion or development, adding further value to this already strong investment. Built in 1971, this property represents a stable and reliable income-generating asset, ideal for investors seeking a proven performer in a desirable location. The asking price for this six-unit apartment complex is $275,000. This turnkey opportunity is ready for immediate income generation upon closing.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Creve Coeur
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.5921
- Latitude
- 40.6462
