0 North First Street

Swansea, IL 62226

$1,470,000
Price
Beds
19,464 Sq. Ft.
$76 / Sq. Ft.
19,464
Sq. Ft.
$76
per Sq. Ft.

Description

You have been waiting for a great opportunity...wait no more. Almost 100% full with one app in place for last unit. 25 unit ...yes, 25 Unit complex in the heart of Swansea. All units are 2 bed 1 bath, with one efficiency unit currently being used as an office, but has been rented before. Tenants pay electric, W/S/T is an additional fee added to rent. On site coin/app operated laundry managed by Hoppy Self Service. Reasonable Rents, Great Location with Bus steps away and across street from gas station...You have been waiting for a great opportunity...wait no more. Almost 100% full with one app in place for last unit. 25 unit ...yes, 25 Unit complex in the heart of Swansea. All units are 2 bed 1 bath, with one efficiency unit currently being used as an office, but has been rented before. Tenants pay electric, W/S/T is an additional fee added to rent. On site coin/app operated laundry managed by Hoppy Self Service. Reasonable Rents, Great Location with Bus steps away and across street from gas station for those midnight sodas and lots of protection with Swansea Police Dept directly across street. Almost all units have been updated. Sellers will be relocated and feel that a local owner would possibly better serve this investment. Property is Broker owned. A definite need to look at if you are in the market to add to your rental portfolio or start a brand new one! Notice required, qualified buyers may obtain P and L. This one will not last!
  1. Listed by Gerry Davidson • Prestige Realty Group

Property Details for 0 North First Street

Cross Street
First

Location

Listing Courtesy of Prestige Realty Group
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LISTING UPDATED: 04/22/2024 11:27 AM

Property Details for 0 North First Street

StatusActive Under Contract
MLS #24015101
Days on Market40
Taxes$31,518 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built-
Lot Size1.18 AC / 51,401 SF
CountySt. Clair County

Location

Listing Courtesy of Prestige Realty Group
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Building Information for 0 North First Street

Stories-Residences25Year Built-Building Size-Lot Size1.18 AC / 51,401 SF

Payment Calculator

$10,649 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,022

Property Taxes

$2,627

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 0 North First Street

Summary
Location and General Information
  • City: Swansea
  • County Or Parish: St Clair-IL
  • Directions: Rt 159 to Pawnee
  • Latitude: 38.527248
  • Longitude: -89.985101
  • Postal Code: 62226
  • State Or Province: IL
  • Sub division Name: N/A
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Association Fee: $.00
  • Parcel Number: 08-16.0-412-009
  • Tax Annual Amount: $31,518.00
  • Tax Legal Description: SURVEYORS PLAT OF SEC 16-1-8 LOT/SEC-115 A02566136
  • Tax Year: 2022
Owner
  • Township: Swansea
Parking
  • Attached Garage: No
  • Parking Features: Parking Lot
School Information
  • Elementary School: HIGH MOUNT DIST 116
  • High School: Belleville High School-East
  • High School District: High Mount DIST 116
  • Middle Or Junior School: HIGH MOUNT DIST 116
Property
Lot Information
  • Lot Size Acres: 1.18
  • Lot Size Dimensions: 219.29x259.12x169.73x114.18x48.95x150
  • Lot Size Source: County Records
  • Lot Size Square Feet: 51401.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 19464.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 0
  • Photos Count: 7
  • Videos Count: 0
  • Disclosures: Unknown,Agent Owned,Occupancy Perm Req
  • Construction Materials: Brick
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Electric
  • Cable Available: 1
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Coin Operated
Multi Family
Multi-Family Information
  • Number Of Units Total: 25
  • Bedroom number of Units: 0
  • TYPE: Apartment Complex
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Includes: 5 Rooms
  • Two Bed Unit Rent: 775
  • Two Bed Unit Units: 24
  • Three Bed Unit Units: 0
Income & Expenses
  • Net Operating Income: $155,048.00
  • Total Expenses: 74500.00
Unit 1
  • Unit Bedroom 1: 13x12
  • Unit Bedroom 2: 11x9
  • Unit Kitchen: 14x8
  • Unit Living: 16x15
Rental
Rent Information
  • Lease Term: Leases
  • Efficiency Rent: 500
  • Tenant Pays: Cable TV, Electricity, Other
  • Efficiency Baths: 1 Full
  • Efficiency Units: 1

Property History for 0 North First Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 0 North First Street

This home is within Belleville Twp Hsd 201 School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
High Mount Elementary School
PublicPK to 8

Belleville High School-East
Public9 to 12

Belleville High School-West
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Prestige Realty Group

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.