517 N Oakland Ave, Carbondale, IL 62901
This exceptional investment opportunity presents a well-maintained, two-unit apartment building located at 517 N Oakland Ave, Carbondale, IL 62901. The property boasts a total building size of 1,434 square feet situated on a 0.1-acre lot. The building comprises two generously sized units: a three-bedroom, one-bathroom unit on the lower level and a two-bedroom, one-bathroom unit on the upper level. Currently operating at 100% occupancy, the property is projected to generate monthly rental income exceeding $1550, translating to a net return on investment exceeding 13%. The property is in excellent condition and requires no immediate renovations. This turnkey investment is ideal for those seeking a strong, stable cash flow with significant potential for future appreciation. The property is priced at $84,900. Note that the provided net operating income and price per square foot were not available.
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
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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.