740 E Douglas Ave Immeuble residentiel 8 lots 276 118 € (34 515 €/Lot) Taux de capitalisation 10 % Jacksonville, IL 62650

For sale by owner, 8-unit apartment building for sale in Jacksonville Illinois. All units are one bedroom one bathroom. 7 of the 8 units are occupied. The 8th unit needs the renovation completed at an estimated cost of about $10,000. The other 7 units currently bring in a monthly income of $4,500.00. 5 of the units are rented to a community organization for $600per unit per month. The check comes directly to the owner each month. One unit is operated as a mid-term rental for workers traveling in the area for $1000 per month. The eighth unit after renovation, would be a good candidate to expand another unit to mid-term rental. The 7th unit rents for $500/mo. This is a very easy building to manage and would be ideal for an out of state investor. The property covers water and trash service. Tenants are responsible for for their own electric service. The property does cover the electric and internet service for the mid-term rental unit.