701 James St, Carbondale, IL 62901

This exceptional investment opportunity presents a single-family rental portfolio comprised of a 1953-built, one-story, five-bedroom, two-bathroom apartment building located at 701 S James St, Carbondale, IL 62901. The property boasts a total of 2,155 square feet, situated on a 2,155 square foot lot. Currently tenant-occupied under a one-year lease (requiring 48-hour notice for showings), this property offers a strong return on investment. The asking price is $80,000, translating to a price per square foot of $37.12 and a compelling cap rate of 8.84%. The Net Operating Income (NOI) stands at $7,070. The property is zoned "Other" and is held in a trust. This is a single-unit building, making it an ideal entry point for investors seeking a manageable, high-yield property. This property is available for sale individually, but is also part of a larger portfolio of investment properties. Further details on the additional properties are available upon request. The property's APN is 15-21-310-001. This is a fantastic opportunity to acquire a well-performing asset in a desirable location.