17 Kensington Heights Rd Belleville, IL 62226
This exceptional investment opportunity presents a 36-unit apartment complex ideally situated at 17 Kensington Heights in Belleville, Illinois. The property sits on a substantial 1.24-acre lot, offering ample space and potential for future development or expansion. Currently operating as a multi-family residential building, this complex presents a strong cash flow opportunity for savvy investors. The property's size and location within Belleville make it an attractive proposition for both seasoned investors and those new to the multi-family market. The substantial land area provides flexibility for future improvements or additions, allowing for potential rental income growth. Detailed financial records are available upon request, providing a comprehensive overview of the property's performance and profitability. This is a turnkey investment, ready for immediate income generation. The property's location in Belleville offers convenient access to local amenities, transportation routes, and a thriving community. This represents a rare chance to acquire a well-established, income-producing asset in a desirable market. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Don't miss out on this chance to secure a significant return on your investment in the robust Belleville real estate market. The property is priced competitively at $2,500,000, reflecting its strong potential for appreciation and consistent rental income. Further details regarding the property's financial performance and operational history are available upon request.
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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
Similar Nearby for Sale
Similar Nearby for Lease
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.