405 Ash St Carbondale, IL 62901
- Commercial real estate
- 1 SF
Current Use by Public Records
- Commercial real estate
Property Details for 405 Ash St
- Property size
- 1 SF
- Property type
- Commercial real estate
- APN
- 15-21-181-003 ; 15-21-184-006 ; 15-21-184-017 l; 15-21-152-021
Description
This exceptional investment opportunity presents a portfolio of 24 buildings comprising 118 units, strategically located in Carbondale, Illinois. The property, zoned R3, consists of free-standing houses converted into apartments, offering flexibility for future single-family conversions. Currently vacant, this portfolio presents a unique chance to establish rental rates to maximize income potential. The seller's retirement provides a compelling reason for this sale, offering a significant opportunity for a new owner to implement their own rental strategy. The portfolio boasts a potential annual income exceeding $432,000. Located within walking distance of Southern Illinois University, local businesses, and dining establishments, this property benefits from high demand and convenient access to amenities. The buildings are sold "as is," with detailed property information available upon request. The portfolio includes 23 properties with 39 units and 118 bedrooms. Most units offer ample on-site parking. The Assessor's Parcel Numbers (APNs) are: 15-21-181-003
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carbondale
- County
- Jackson
- State
- Illinois
- Longitude
- -89.2193106
- Latitude
- 37.7238281
