105 S Washington St - Apartments FOR SALE


Sparta, IL 62286
$139,900 USD
877-473-2018
105 S Washington St, Sparta, IL for Sale
$139,900 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

105 S Washington St
Sparta, IL 62286


HIGHLIGHTS

  • Three 1-bed, 1-bath units, with Units A & B currently rented
  • Unit C is vacant and updated with new paint, flooring, lighting, bathroom vanity, windows, and a new HVAC system
  • Property comes with an extra vacant parcel (Parcel# 19-0017-010-00), offering potential for future development or additional outdoor space.

OVERVIEW

Address: 105 S. Washington St. Sparta, IL 62286 All-Electric Triplex with Updated Unit & Extra Parcel – Great Investment Opportunity! This multi-family triplex is a fantastic find for investors or owner-occupiers! The property offers three 1-bed, 1-bath units, with Units A & B currently rented. Each rented unit includes a refrigerator, stove, and stackable washer/dryer, providing immediate rental income. Unit C is vacant and updated with new paint, flooring, lighting, bathroom vanity, windows, and a new HVAC system. It also includes a refrigerator and stove, making it move-in ready or available for new tenants. Keep it vacant for personal use or rent it out for added income. The property also comes with an extra vacant parcel (Parcel# 19-0017-010-00), offering potential for future development or additional outdoor space. Don't miss out on this income-generating opportunity! Schedule your showing today! Lot Size: 0.18 acres for parcel 1) & 0.16 for parcel 2 (source:county ) Heating: Electric Cooling: Electric Water Heater: Electric Roof: Shingles Utility Providers: Water ~ City of Sparta Sewer ~ City of Sparta Electric ~ Ameren School District(s): Sparta Drive Times: Chester - 18 miles / 23 minutes Scott Air Force Base - 37 miles / 50 minutes SIUC - 44 miles / 56 minutes Title Company: Randolph County Abstract Financing: Cash, Conventional Directions: GPS Friendly Legal Description: LOT 7 BLK 3 & LOT 1 BLK 3 J MC CLURKEN'S ADD CITY OF SPARTA Parcel(s): 19-018-002-00 & 19-017-010-00 Taxes: $2,704.00 (parcel 1), $201.08 (parcel 2)

FOR SALE DETAILS

PRICE

$139,900 USD

PRICE/SF

$82 USD /SF

# OF UNITS

3

PRICE/UNIT

$46,633

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All-Electric Triplex Sparta IL

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

19-017-010-00,19-018-002-00

ASK ABOUT THIS PROPERTY

Brad ChandlerProperty Peddler IncMore Info
877-473-2018

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Brad ChandlerProperty Peddler IncMore Info
877-473-2018

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.