5 Beverly Ln Marissa, IL 62257

Property Details for 5 Beverly Ln

Lot size

0.11 lot acres

Property type

Commercial real estate

Description

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.

Location Insight

City

Marissa

County

St Clair-IL

State

Illinois

Longitude

-89.75055

Latitude

38.25114