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Property profile & analytics
OFF-MARKET
Commercial real estate

405 Ash St Carbondale, IL 62901

Property ID
US28-3350965
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
UPID US28-3350965
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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