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1609 S 22nd Street Herrin, IL 62948 Multi Unit - Multiple Active

  • 1609 S 22nd Street, Herrin, IL 62948 Main Photo

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Description

Unlock the potential of this exceptional multi-unit investment opportunity, ready for its next owner to step in and start generating passive income from day one! This well-maintained apartment complex features four identical 2 bed, 1 bath units, offering consistency in layout and ease of management. Each unit provides comfortable living spaces that appeal to long-term tenants, helping ensure steady occupancy. A major bonus is the lifetime warranty on the metal roof, giving peace of mind and reducing future maintenance concerns. Tenants also enjoy access to a shared downstairs laundry area equipped with two units?creating an additional stream of income for the savvy investor. The basement also houses the mechanicals and tons of storage to stay organized and efficient. Situated on a spacious lot, this property offers room for expansion with the potential to build an additional complex, maximizing your return and growing your portfolio. Whether you're a seasoned investor or just getting started, this is a rare opportunity to scale your income with a property that has both immediate cash flow and future upside. Motivated seller is ready to pass the torch?dont miss your chance to capitalize on this promising investment! Call today for a showing before its spoken for.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Williamson
High School: Herrin
Subdivision: None
Listed By:
HOUSE 2 HOME REALTY Mobile: 618-694-4660
RMLSA
$299,900
Est. $1,936/mo
Active
BEDS0 BATHS0 MLS#PA1265316
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONNone SCHOOLHerrin

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Ruhl&Ruhl Realtors
563.441.1776

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1609 S 22nd Street, Herrin, IL 62948.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $299,900$299,900$299,900
Down Payment $59,980$10,497$74,975
Monthly Mortgage Amount $1,419$1,765$1,838
Taxes $417$417$417
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$132$0
Monthly Estimated Total $1,936$2,414$2,355

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