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Property profile & analytics
OFF-MARKET
Apartment buildings

602 Mulberry St Murphysboro, IL 62966

Built 1963
Property ID
Property summary
AI-generated overview

This well-maintained eight-unit apartment building, located at 602 Mulberry Street in Murphysboro, Illinois (zip code 62966, APN 14-04-458-009), presents a compelling investment opportunity. Built in 1963, the property offers ample parking with eight spaces. The exterior has recently undergone improvements, including a fresh coat of paint and the installation of new exterior doors and locks, enhancing security for tenants. Several units have received significant upgrades. Units 5 and 6 feature brand new luxury vinyl plank (LVP) flooring, fresh paint, new appliances, and updated air conditioning units. Unit 8 also benefits from new appliances and an upgraded AC unit. Unit 2 showcases newly painted cabinets, providing a modern touch to the kitchen. This property offers a blend of updated and well-maintained units, representing a strong potential for rental income and appreciation. The property is situated in Jackson County and is ready for a new owner to capitalize on its existing strengths and further enhance its value. The asking price for this multifamily property is $325,000.

Property profile
Verified
Property type Apartment buildings
Year built 1963
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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