1102 Oak St West Frankfort, IL 62896
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1102 Oak St
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity in West Frankfort, Illinois, presents a lucrative chance to acquire a 21-unit multifamily property encompassing two lots. The property includes a remodeled, two-bedroom, one-bathroom single-family home currently leased for $500 per month. The home boasts hardwood and tile floors throughout, and recent upgrades include a new HVAC system, attic fan, attic insulation, and a vapor barrier with spray foam insulation. In addition to the residential rental, the property features a 20-unit storage building, generating consistent income. Eight smaller units rent for $25 per month, while twelve larger units rent for $45 per month. The combined rental income from the house and storage units provides a strong cash flow. The property's address is 1102 W OAK Street, West Frankfort, IL 62896, and the tax bill reflects ownership of both lots. This turnkey investment is priced at $139,000 and offers significant potential for future growth and appreciation in the West Frankfort market. The property's location in Franklin County, Illinois, provides easy access to local amenities and transportation routes. This is an ideal opportunity for investors seeking a diversified income stream with a proven track record of rental success. The property is ready for immediate ownership and income generation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Frankfort
- County
- Franklin
- State
- Illinois
- Longitude
- -88.9412957
- Latitude
- 37.8968329
