BuyThisIncomeProperty.com

BuyThisIncomeProperty.info

  Income producing properties currently available in Alton, IL.
  When fully occupied, these properties produce a cap rate of better than 13% at these prices.
  Cap rate = NOI divided by price or value
  Compare to typical income property in St. Louis priced around 7 to 8 % cap rate.

Presented by

Lisa Funk

REMAX EXPRESS

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Apartment C

 
  Here are two properties priced around 14% cap rate-- great deals!

REMAX EXPRESS

700 Taylor, Godfrey, IL 62035

Office: (618) 467-1200

Fax: (618) 467-1216

Mobile: (618) 910-FUNK                            (3865)

Email: LisaFunk@remax.net
Property #1: 3 Family in Alton, IL (by St. Louis) Property #2: Duplex in Alton, IL (by St. Louis)
Price: $62,900 Price: $65,000

Pro-Forma NOI:  $9,348 Pro-Forma NOI:  $8,964
Cap Rate: 14.8% Cap Rate: 13.7%
Description: 3 large 1 BR units, two of the baths have been completely renovated.   Broker owned. Description: 1 large 3 BR unit, 1 moderate size 1 BR unit; new furnace, new kitchen appliances, new flooring.  Broker owned.

Call Lisa Funk of ReMax Express in Godfrey, IL for more information

(618) 910-FUNK (3865)


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