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    OFF-MARKET
    Mixed-use properties

    301 Alexander St, Robinson, IL 62454

    20,020 SF
    Property ID
    Property summary
    AI-generated overview

    This profitable mixed-use property in Robinson, Illinois, presents a compelling investment opportunity. Located at 301 N. Alexander St., 62454, this 20,020 square foot building comprises a nine-unit apartment complex. Five units have undergone recent remodeling, enhancing their appeal and rental value. The unit mix includes three two-bedroom, one-bathroom units; two efficiency units; and four one-bedroom, one-bathroom units. All units are currently rented, with several long-term tenants providing stable income. The property boasts low-maintenance features, including vinyl siding and a metal roof on the apartment buildings, minimizing upkeep costs. Ample parking is available, providing convenient parking for each unit. This property offers a strong cash flow potential with its established tenancy and efficient design. The location in Robinson, IL, provides access to local amenities and a stable rental market. This is an ideal investment for those seeking a well-maintained, income-producing property with significant upside potential. The asking price is $240,000.

    Property profile
    Verified
    Property type Mixed-use properties
    Total area 20,020 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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