reduced sale price: $700,000 -...
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Information herein is not warranted and subject to change without notice. We assume no liability on items included in quoted price. Broker makes no representation as to the environmental condition of the offered property and recommends Purchaser's/Lessee's independent investigation.
1173 Fortune Blvd.
Shiloh, IL 62269
Office (618) 277-4400
Fax (618) 277-4407
www.barbermurphy.com
45 Unit Student Housing Building available for Sale
43 (312 SF) Studio Units; 2 (624 SF) One Bedroom Units
Located within walking distance to SIUC
Competitive rent structure
7.49% CAP Rate / 7.44 GRM
65% - 70% Occupancy
Mike Pierceall C: 618.791.8396 [email protected]
Reduced Sale Price: $700,000
$15,555 per Unit
504 South Rawlings StreetCarbondale, Il 62901
RENT ROLL
43 Studio Units $365 - $385
2 One Bedroom Units $450
On Site Laundry
Listing No: 1619
Multifamily
504 South Rawlings StreetCarbondale, IL 62901
SALE INFORMATION:For Sale: Yes
Sale Price: $700,000
Sale Price/SF: $36.46
CAP Rate: 7.49%
GRM: 7.44
NOI: $52,403
Total Units: 45
PROPERTY INFORMATION:Parcel No: 15-21-308-013/014
County: Jackson
Zoning: R-3
Zoning By: Carbondale
Complex: Ambassador Studio Apartments
Acres: 0.47
Property Tax: $26,037.00
Tax Year: 2017
STRUCTURAL DATA: FACILITY INFORMATION INCOMEYear Built: 1964 Elevator: No Gross Rental Income $146,445.00
Rehab Year: 1996 Heating: Yes Gross Other Income
Floors: 3 Cooling Yes Total Income $146,445.00
Roof: Asphalt Shingles Parking: 50 Spaces
Exterior: Masonary Frame Surface Type: Paved EXPENSES:Property Taxes $26,037.00
Property Amenities Comments Insurance
Unit AmenitiesOn Site LaundryOn Site Parking
Two Story, 45 Unit Student Housing Apartment Complex. Located within 2blocks of Southern Illinois University at Carbondale. 43 studio (312 SF) and 2one-bedroom (624 SF) units. Laundry and maintenance area on lower(basement) level.
CAM
Utilities
Property Management
Total Expenses $94,042
Listing Broker(s) NOI $52,403.00
Mike Pierceall Office: (618) 277-4400
[email protected]: (618) 791-8396
The information above has been obtained from sources believed reliable, however no warranty or representation expressed or implied is made as to the accuracy of the information contained herein. In same is submitted subject to errors, omissions, change of price, retail or otherconditions including withdrawal without notice. It is your responsibility to independently confirm accuracy.