10-flat Building; No Landlord Responsibilities

  • 190000.00 £
  • Published date: November 14, 2022
    • Hawes, North Yorkshire, United Kingdom

10-flat Building; No Landlord Responsibilities


⭕ A family-owned portfolio of properties, seeking to liquidate as soon as possible.

Rents have never been this high and they are rising.

We are asking buyers to make an offer - all offers will be considered seriously - no matter how low or how silly you feel about your number. Obviously, if its ridiculous, we wont take it, but theres no harm in making an offer, as long as youre serious.

10,000 SF Building located just North of the intersection of Douglas and East Main in Belleville, Illinois.

This ten unit multi-family building consist of 7 one bedroom apartments and 3 two bedroom apartments. Its functional, clean and efficient, but not spectacular.

10 N. Douglas is professionally managed and is currently 80% occupied. Onsite laundry and storage are available. Just 15 minutes walking distance to the Metrolink (0.8 miles away).

Belleville, voted All-America City in 2011, is located 20 miles east of Downtown St. Louis. It is the most populated city in southern Illinois.

The annual income from rentals is over $51,000

The building is profitable and the only reason for sale is the owner is stepping away from real-estate to free up funds that he can use to invest in his healthcare businesses.

The building has a common area with coin laundry and lockable storage units. There is off-street parking for 2 cars at the rear.

Owner Financing possible if paying full price, with 20% down and 5% interest only on a 2-year balloon.

The seller is motivated to realize his equity in order to inject it into his other business activities. Will consider lower offers.

Apartments are located in downtown Belleville, just of Main Street and next to a large convenience store and gas station. It is also less than a mile from the Belleville Metrolink.

MOTIVATED SELLER FOR QUICK SALE. MAKE A WRITTEN OFFER.

Great Investment Property

10 separate units.
3 are 2-bed units.
7 are one-bed units.
Washer and dryer in common areas by common storage ares.
Never any problems with roof (inspected in 2016 by roof company for hail damage but no problems were found).

There is no basement.

Nice part of town.

County: Saint Clair

Lot Size: 10,224 sqft
2 stories.
Year Built: 1965

Highlights
10 Unit Apartment Building Available For Sale
Seven 2 Bedroom / 1 Bathroom UnitsThree 1 Bedroom / 1 Bathroom Units
Estimated Gross Income: $61,360.00
Less Than 1 Mile to Metro Link and IL Rte 159; Less than 2 Miles to IL Route 15
10 Unit Apartment building available for sale.
Property consists of seven 1 Bedroom / 1 Bathroom units and three 2 bedroom /1 bathroom units.

SERIOUS OFFERS ONLY PLEASE. You will communicate directly with the seller to work out a deal that is mutually satisfactory.

NO BROKERS so that we can keep our sale price as low as possible and not pay a 6% commission!

Located less than 1 Mile to Metro Link and IL Route 159; Less than 2 Miles to IL Route 15.

The price is negotiable as we are motivated to sell and raise funds asap. Best offer will be entertained for quick closing.

Please do NOT contact us with unsolicited services or offers. Brokers are welcome, but only if they have a retained buyer for an exclusive contract. At this time, we do not wish to list with a broker, so that we can keep the sale price as low as possible for any potential buyer.

Phone number ✆ 01642 585029
Hawes, North Yorkshire




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