314 Elm St, Carbondale, IL 62901

This exceptional investment opportunity presents a three-unit multifamily property located at 314 W Elm St, Carbondale, IL 62901. The property, built in 1945, comprises a two-story building totaling 1,200 square feet on a 1,200 square foot lot. It features three units, each priced at $25,000, with a total asking price of $75,000. The current Net Operating Income (NOI) is $1,756, resulting in a 2.34% capitalization rate. Three parking spaces are available on the property. The property is zoned "Other" and is being sold "As-Is." One unit is currently rented, and a 24-hour notice is required for showings of occupied units. This property offers a compelling entry point into the Carbondale rental market, presenting a solid foundation for future growth and potential appreciation. The property's location in Jackson County provides convenient access to local amenities and services. Further details regarding the property's financial performance and operational aspects are available upon request. The APN is 15-21-181-014.