405 Ash St Carbondale, IL 62901
This exceptional investment opportunity encompasses a portfolio of 23 individual properties in Carbondale, Illinois, totaling 39 rental units and 118 bedrooms. Currently configured as apartments, these free-standing houses offer significant flexibility, easily adaptable for single-family occupancy. The portfolio presents a substantial income potential, projected at $432,000 annually. The properties are being sold "as is," allowing for immediate customization and rent adjustments to maximize returns. Most units boast ample on-site parking, a significant advantage in a competitive rental market. This is the largest package of individual rental housing currently available in Carbondale, representing a unique chance to acquire a substantial and established rental portfolio. Detailed property information for each of the 23 individual properties is available upon request, along with all necessary disclosures. This presents a rare opportunity to acquire a significant rental property portfolio in a thriving market, offering substantial potential for immediate and long-term income generation. The seller is retiring and has chosen not to rent the units, providing a blank slate for the new owner to set rental rates. This is a turnkey investment opportunity with significant upside potential. Don't miss this chance to acquire a substantial and established rental portfolio in Carbondale, IL.
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.