$1,650,000
( $211.00Per Sq Foot )
 $8,858 forsale estimated payment Sourced by Back At You

1450 -1460 Morgan Street , Swansea, IL 62226

Swansea, IL 62226

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Description

Prime investment opportunity! First time on the market in 30 years for two 12-unit apartment buildings in highly sought after park like location. This property features 21 two bedroom/one bath units, 3 one bedroom/one bath units, and ample parking on 1.07 acre lot close Scott AFB, Fairview Heights, Belleville, and MetroLink. 23 units currently rented with 1 one bedroom apartment available for immediate rental. Tenants pay water, sewer, and electric. Each building has coin operated laundry. 1460 Morgan has storage lockers for tenants. 10 x 12 storage shed on site for property manager use. Owner has meticulously maintained the property with routine maintenance as needed over the years. City of Swansea Occupancy inspections have been completed with each vacancy. Don't miss your chance to own a significant income asset with excellent potential. Properties to be sold together and not separately.

Details

Mls24071786
Listing TypeFor Sale
StyleAttachd
SubtypeResale
StatusActive
Year1972
Days On Site17
Listing Provided ByRe/Max Alliance | Betsy Butler

Features

Sq Feet7,800
Units24
Acreage1.07

Market Activity 62226

 Listings courtesy of Maris MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of December 8, 2024 at 3:29:20 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateIL
CountySt Clair IL
CitySwansea
Zip Code62226
AreaSt Clair IL
Community Namen/a
School DistrictBelleville High School-West
Elementary SchoolHIGH MOUNT DIST 116
Middle SchoolHIGH MOUNT DIST 116
High SchoolBelleville High School-West
Listing VS Median (in n/a)
Price:
$1,650,000
low | high
Med:
$245,000
100% of Average
SqFt:
7,800
low | high
Med:
1,885
100% of Average
$ / SqFt:
$212
low | high
Med:
$130
88.557993730408% of Average
On Site:
17
low | high
Med:
97
17.525773195876% of Average
Sourced by Back At You
Listing Updated: December 6, 2024 at 12:08:40 PM PST
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