Listed by Adam Hornbergerof Coldwell Banker Brown Realtors
Bought with Kristi Glasgow of RE/MAX Alliance

$425,000

Est. payment -/mo

$475,000

10.5%

Est.Price: ?

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2612 State Street Granite City, IL 62040

0.43 Acres Lot

SOLD DATE : 03/14/2019

Key Details

Sold Price $425,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 10899795

Sold Date 03/14/19

Year Built 1969

Annual Tax Amount $8,930

Lot Size 0.430 Acres

Lot Dimensions 150 X 125

Property Sub-Type Multi Family 5+

Property Description

This fully rented 20 Apartment complex is one block from Wilson Park. The 3 wings include 4 2 BR apt ($565-$575) 8 1 BR apt ($410-$450) 8 studio apt ($365-$375) each apartment has 100 amp service. The building upgrades include new rubber roofs on two of the three buildings, a newer roof on the third, new replacement windows in nine of the apartments, a new $7000 water heater, new flooring in many apartments and hardwood floors under carpet in many. The firewalls have been tuckpointed and sealed and a new backflow valve installed into the building from the sewer. The 2 BR apartments include 1 window AC unit. Each apt has a storage area in the basement. Washer and dryers in the basement provide income to the owner. Parking spots are provided behind the building. .