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    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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