916 W Clay St
Collinsville, IL 62234

Description

Great opportunity for 6 rental units. 4 - one-bedroom shotgun style units in the front 2 story building 3 of which are rented between $520 & $550 per month on month to month rental agreements. Utilities are included as the landlord pays them. 2nd level in rear duplex is vacant includes a one-bedroom and a two bedroom unit. Perfect opportunity for a landlord/owner to manage all 6 properties. Sellers recently spent $8,000 on updates on Boiler hot water heater, new window air conditioners and new gas line installation. Carpet and paint are being installed in 2 of the vacant units in the next few weeks. Sellers are selling this property (as is). Most of the tenants have been long term renters for 8 to 10 years and would like to stay. There's also alley access to 5 car garage being cleaned out so there's a possibility to increase rent for those wanting garages or to lease out for storage units.

Details

MLS#18093544
Sub-TypeResale
StatusActive
Year1930
Days On Site9

Features

SQ Feet4,132
Building(s)1

Market Activity 62234

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Area Information

StateIL
CountyMadison-IL
CityCollinsville
Zip Code62234
Listing VS Median (in 62234)
Price:
$125,000
low | high
Med:
$79,900
86.08% of Average
SqFt:
4,132
low | high
Med:
4,135
49.93949661181% of Average
$ / SqFt:
$30
low | high
Med:
$20
83.53276326507% of Average
On Site:
9
low | high
Med:
228
3.947368421053% of Average
Listing Updated: 02/21/2019
MLS Number: 18093544
Listing Provided By:
Jim Reppell  of  Re Max Alliance