46 Sherwood Frst Belleville, IL 62223
- Multifamily properties
- 0.59 lot acres
Current Use by Public Records
- Peggy's Pampering Services / Senior Citizen Center
Property Details for 46 Sherwood Frst
- Year built
- 1965
- Lot size
- 0.59 lot acres
- Property type
- Multifamily properties
Description
This exceptional multi-family investment opportunity encompasses nine units spread across two buildings situated on two separate parcels at 46 and 47 Sherwood Forest, Belleville, IL. The property sits on a combined 0.59 acres of land and is ideally located within the desirable Signal Hill school district, offering convenient access to public transportation. Each of the nine units boasts two bedrooms and one bathroom, providing comfortable living spaces for tenants. A key advantage is that each unit features its own washer/dryer hookups and dedicated storage areas, enhancing tenant appeal and convenience. Currently, all nine units are occupied, generating consistent rental income. Furthermore, each tenant is responsible for their own utilities, minimizing the owner's operational expenses. This turnkey investment presents a compelling opportunity for portfolio diversification and strong returns. The property's central location and the inherent demand for rental units in the area contribute to its long-term value and potential for appreciation. This is a rare chance to acquire a well-maintained, income-producing multi-family property in a highly sought-after location. The combined parcels offer a significant investment opportunity for discerning buyers seeking a stable and profitable addition to their real estate holdings. The property's current occupancy and the individual unit amenities make it an attractive option for tenants, ensuring consistent rental income for the owner.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- St Clair-IL
- State
- Illinois
- Longitude
- -90.04801
- Latitude
- 38.56813
