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    OFF-MARKET
    Residential income homes

    517 N Oakland Ave, Carbondale, IL 62901

    Built 1923
    Property ID
    No photo on file
    Map unavailable
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Residential income homes
    Year built 1923
    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
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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