NOT LISTED FOR SALE
60 Beds
16 Baths
30,840 Sq Ft
43,560 Sq Ft Lot

Sale Details

Date Sold: December 8, 2015

Last sale price $1,800,000 $58 Per Sq Ft

49 Days on Market

Highlights

  • 43,560 Sq Ft lot
  • Laundry in Utility Room
  • Heating Available

About This Home

As of December 2015

44 units, Prime Collinsville location walk to downtown. Original ownership selling, very well maintained. All 48 units have washer/dryer hookups in unit.

Newer, mid 1980's construction.

Nice mix of:

16 - 540SF 1 beds with laundry in-unit, dishwashers, wood burning fireplaces, private balcony or patio
12 - large (650sf) 1 beds, laundry hook-ups in-unit, large rooms, walk-in bedroom closet
16 - large (900SF) 2 bed/1 bath, large rooms, laundry hook-ups in-unit

Separate water, sewer, and electric - owner only pays for taxes, ins, trash removal and common outside electric! very low cost to operate.

Professional property mgt already in place. Perfect turn-key investment. Or self-manage for even greater cashflow!

Nicely maintained grounds. Good solid tenant base - easy to attract quality tenants.

Call for marketing brochure and financials.

Last Agent to Sell the Property

Paul Cunningham

RE/MAX Results License #2000150563 Listed on: 08/28/2015

RE/MAX Results

Last Buyer's Agent

Paul Cunningham

RE/MAX Results License #2000150563 Listed on: 08/28/2015

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Year Built

  • 1982

Lot Details

  • 1.0

Parking

  • 1 Parking Space Included

Utilities

  • Heating Available
  • Electric Water Heater

Additional Features

  • 43,560 Sq Ft Lot
  • Oven or Range
  • Laundry in Utility Room
  • Suburban Location

Community Details

  • 8 Buildings

Listing and Financial Details

  • Tenant pays for all utilities, cable tv/satellite, electric, sewer, trash removal, water

Property Details

Home Type

Multi-Family

Year Built

1982

Lot Details

1.0 Acres

Listing Details

  • Sale Includes: Building & Land
  • Municipality Township: Collinsville
  • Age: 30
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1982

Interior Features

  • Laundry: Prvt Laund all units

Exterior Features

  • Exterior Features: Brick Veneer Decrtv, Vinyl Siding

Garage/Parking

  • Parking: 1 Space/Unit

Utilities

  • Cooling: Central-Electric
  • Heating: Forced Air
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Lot Dimensions: irreg
  • Lot Sq Ft: 43560
  • Location: Suburban

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: All Utilities, Cable TV/Satellite, Electric, Sewer, Trash Removal, Water

Multi Family

  • Building Number: 8
  • Gross Operating Income: 264529.00
  • Total Expenses: 135918.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2015 12/08/15 Sold $1,800,000 -10.4% $58 / Sq Ft
10/20/2015 10/20/15 For Sale $2,010,000 -- $65 / Sq Ft
Source: MARIS MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,328 $114,620 $7,200 $107,420
2023 $7,328 $106,090 $6,660 $99,430
2022 $6,982 $94,930 $5,960 $88,970
2021 $6,161 $89,190 $5,600 $83,590
2020 $5,939 $85,090 $5,340 $79,750
2019 $5,782 $82,180 $5,160 $77,020
2018 $4,870 $67,090 $7,390 $59,700
2017 $4,879 $65,750 $7,240 $58,510
2016 $5,138 $65,750 $7,240 $58,510
2015 $4,794 $64,040 $7,050 $56,990
2014 $4,794 $64,040 $7,050 $56,990
2013 $4,794 $64,040 $7,050 $56,990
Source: Public Records

Agents Affiliated with this Home

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Source: MARIS MLS

MLS Number: MIS15049426

MARIS MLS
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