601 Bess St Marissa, IL 62257
- Commercial real estate
- 0.48 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 601 Bess St
- Lot size
- 0.48 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a four-unit apartment building situated on a 0.48-acre lot at 601 N Bess Street in Marissa, Illinois. The building boasts a total of approximately 4900 square feet and features a robust exterior construction of block and brick. Currently configured as three two-bedroom units and one three-bedroom unit, the interior layout offers significant flexibility. Interior walls are non-load bearing, allowing for adaptable configurations to suit various investment strategies and tenant needs. Recent exterior improvements include updated windows and fresh paint, enhancing curb appeal and reducing maintenance costs. The interior condition varies across units, ranging from requiring complete renovation to simply needing fresh paint, presenting a spectrum of potential return on investment depending on the chosen renovation strategy. This property is ideal for investors seeking a manageable multi-family investment with the potential for substantial returns. The existing units provide immediate income generation, while the adaptable interior allows for customization to maximize rental income and tenant satisfaction. The location in Marissa, Illinois, offers a stable market for rental properties. This is a rare opportunity to acquire a well-located, adaptable multi-family building at an attractive price point. Don't miss this chance to add a strong performer to your investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marissa
- County
- St Clair-IL
- State
- Illinois
- Longitude
- -89.752
- Latitude
- 38.2506