510 Poplar St Carbondale, IL 62901

This exceptional investment opportunity presents a portfolio of nine rental units situated in Carbondale, Illinois, at 510 S Poplar St, zip code 62901. The property consists of two, two-story buildings totaling 10,224 square feet on a 10,224 square foot lot. Built in 2003, the complex offers a mix of unit sizes: seven two-bedroom units and two one-bedroom units. The property boasts a strong financial performance, with a current Net Operating Income (NOI) of $42,206, translating to an attractive 8.53% capitalization rate. The asking price is $495,000, representing a price per unit of $55,000 and a price per square foot of $48.42. Ample parking is available with 12 spaces provided. The property is currently under a trust ownership and is zoned "Other". All units are tenant-occupied, requiring 48-hour notice for showings. Leases are for one year. This property is part of a larger portfolio of investment properties available for sale individually or as a package. The property's location in Jackson County, Illinois offers convenient access to local amenities and services. This is a turnkey investment opportunity with significant potential for future growth and return.