2600 Fairway Drive, Unit 48

Herrin, IL 62933

$4,380,000
Price
—
Beds
45,622 Sq. Ft.
$96 / Sq. Ft.
45,622
Sq. Ft.
$96
per Sq. Ft.

Description

Investment Deal of a lifetime! This investment package has some of the most elite duplexes and 6-unit multiplexes the area has to offer. The properties are well sought after and have a 98% occupancy rate at this time, soon to be fully occupied. The Duplexes are located across the private drive from Pine Lakes Golf Course. This location has the potential to add 2 more duplexes adding further growth opportunities for this investment package. The second location is a double 6-unit multiplex property...Investment Deal of a lifetime! This investment package has some of the most elite duplexes and 6-unit multiplexes the area has to offer. The properties are well sought after and have a 98% occupancy rate at this time, soon to be fully occupied. The Duplexes are located across the private drive from Pine Lakes Golf Course. This location has the potential to add 2 more duplexes adding further growth opportunities for this investment package. The second location is a double 6-unit multiplex property with private outdoor spaces on both upper and lower units, with the buildings nestled in a quiet location. The units are in pristine condition, all complete with 2 bedrooms and 1 bath, as well as a washer and dryer set in each unit for luxury living. Currently a 17 unit storage building sits at the end of the lot as a source of added income. If the storage units aren't a desired stream of income, you could always remove the structure, giving the property enough space to build two additional 6-unit multiplexes on the property. The third location was constructed by the same builder as the second, featuring four 6-plexes in the same pristine quality with space to build additional 6-unit multiplexes. Don't wait, this incredible opportunity won't last long!
  1. Listed by Daniel Harshbarger • KELLER WILLIAMS PINNACLE • Phone: 618-867-6414

Property Details for 2600 Fairway Drive, Unit 48

Parking Total
48.0
Subdivision Name
Fairway Estates

Location

Listing Courtesy of KELLER WILLIAMS PINNACLE
Add your commute
LISTING UPDATED: 05/03/2024 03:02 PM

Property Details for 2600 Fairway Drive, Unit 48

StatusPending ( No Showings )
MLS #EB453150
Days on Market9
Taxes$103,866 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built2008
Lot Size-
CountyWilliamson County

Location

Listing Courtesy of KELLER WILLIAMS PINNACLE
Add your commute

Virtual Tour

Building Information for 2600 Fairway Drive, Unit 48

Stories-Residences48Year Built2008Building Size-Lot Size-

Payment Calculator

$32,559 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,903

Property Taxes

$8,656

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2600 Fairway Drive, Unit 48

Summary
Location and General Information
  • City: Herrin
  • County Or Parish: Williamson
  • Directions: Turn W 148 N onto Hamilton Dr. Turn S onto Fairway, your first destination will be on the left. 2nd location - W onto Forest Park and then South/Left onto Magnolia to find your destination. Third location turn S onto 3rd St from Stotlar, W onto Duncan.
  • Latitude: 37.7693186289868
  • Longitude: -89.0298591925735
  • MLSArea Minor: EBOR Area
  • Postal Code: 62948
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: See Attached Document 25 Parcels in all.
  • Parcel Number: 06-06-254-010
  • Tax Annual Amount: $103,866
  • Tax Legal Description: FAIRWAY ACRES 1ST PLAT
  • Tax Year: 2022
School Information
  • Elementary School: Herrin Elementary
  • High School: Herrin
  • Middle Or Junior School: Herrin
Parking
  • Parking Features: Attached, Other, Parking Pad
Virtual Tour
Property
Lot Information
  • Structure Type: Two or More Story, Duplex, Other
  • Building Area Total: 45622.0
  • Lot Features: Cul-De-Sac, Level, Other
  • Lot Size Dimensions: Various
  • Number Of Units Total: 48
  • 100 Year Plain: No
  • Road Surface Type: Gravel, Paved, Private Road
Property and Assessments
  • Documents Available: Other
  • Foundation Details: Concrete, Slab
  • New Construction: No
  • Year Built: 2008
Utilities
  • Number Of Electric Meters: 48
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 48
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick, Brick Partial, Vinyl Siding
Interior Features
  • Basement: Crawl Space, None
  • Heating: Electric, Forced Air, Central Air, Electric Water Heater
  • Interior Features: Cable Available, High Speed Internet
  • Laundry Features: Owned Equipment, Units Hook-Ups
  • Number Of Central Air Units: 48
  • Number Of Dishwashers: 48
  • Number Of Dryers: 48
  • Number Of Heating Units: 48
  • Number Of Ranges: 48
  • Numberof Refrigerators: 48
  • Number Of Washers: 48
  • Number Of Water Heaters: 48
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $0
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $-103,866
  • Operating Expense: $0
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 2
  • Half Baths: 1
  • Number Covered: 2
  • Number Parking: 4
  • Number Uncovered: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 1
  • Number Parking: 2
  • Number Uncovered: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: One Year or Less
  • Tenant Pays: Electricity, Sewer, Water

Property History for 2600 Fairway Drive, Unit 48

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2600 Fairway Drive, Unit 48

This home is within Herrin Community Unit School District 4.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
North Side Primary Center
PublicPK to 1

Herrin C U S D 4 Elementary School
Public2 to 5

Herrin Middle School
Public6 to 8

Herrin High School
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 KELLER WILLIAMS PINNACLE

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.