326 W H Street, Belleville IL 62226

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$450,000

326 W H Street, Belleville, IL 62226

bedrooms

bathrooms

square feet

5,760

Acreage

0.15

Open Houses

year built

1976

Full Baths

Half Baths

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Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This well-maintained property features eight units: four spacious one-bedroom apartments and four comfortable two-bedroom apartments offering flexibility to any potential renter's living situation. Tenants enjoy the convenience of coin-operated laundry and ample parking, all while benefiting from the property’s private, tucked-away setting. Current rents are significantly below market, offering savvy investors an exceptional opportunity to increase cash flow and build equity quickly. Owner covers W/S/T Cap rate: 6.46% Rents: 775, 675, 650, 775, 650, 648 (sec 8 assisted), 650, 775. Whether purchased individually or as part of a package (see MLS#24073225), this property is poised for growth. Don’t miss out on this incredible chance to expand your portfolio! Seller is willing to take 20% 2nd mortgage at 7% amortize for 15yrs, first payment due at 30 days after closing, balloon at 3yrs

Location
Subdivision	n/a
County	St Clair-IL
Elementary School	BELLEVILLE DIST 118
Middle School	BELLEVILLE DIST 118
High School	Belleville High School-East

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Open houses

None scheduled.

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MLS number: 24073227

Listing agent: Christopher Kelly #475.178639

Listing broker: Real Broker, Llc (855) 450-0442

Last update: Wednesday, January 15 2025 at 5:21 a.m. EST

Kotohomes National