602 Mulberry St, Murphysboro, IL 62966
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.