507 Hays Ave, Carbondale, IL 62901
This 1-story, 1913-built duplex in Carbondale, Illinois, presents a compelling investment opportunity. Located at 507 S Hays Ave, this property boasts a total of 1,607 square feet across two units, offering a combined net rentable area of 1,607 square feet. The property features a 4-bedroom, 1-bathroom unit and a 2-bedroom, 1-bathroom unit. The property is being sold as-is. Note that one unit is currently vacant, while occupancy status of the second unit requires verification. Utilities will not be turned on for inspections. The property sits on a 1,607 square foot lot and includes two parking spaces. The property's current Net Operating Income (NOI) is $2,174. This property is offered at an asking price of $45,000. The property's Assessor's Parcel Number (APN) is 15-21-308-005. This is an individual ownership property. With some renovations, this property could yield significant returns. Serious inquiries only.
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
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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.