314-323-3831
1101 Washington Ave, Alton, IL for Sale
Apartments - FOR SALE
1/19
null | Request Cap Rate

1101 Washington Ave
Alton, IL 62002


HIGHLIGHTS

  • Community room
  • Laundry facility
  • Scenic shaded courtyard

OVERVIEW

***192 total apartments for sale. Must be sold as a package. 4 complexes within one block of each other. 4 address' are 112 Manor Court(64 units), 744 Washington(28 units), 824 Washington(45 units), and 1101 Washington(55 units)*** The Gallery Illinois comprises of four multifamily properties, each offering a mix of unit sizes and layouts ranging from studios to three-bedroom apartments which cater to a broad tenant base. This diversity enhances occupancy rates and income stability. Occupancy across the portfolio is historically 97%. Alton’s growing population and its appeal as a commuter town for St. Louis contribute to a robust rental market, ensuring consistent demand for multifamily housing. The portfolio offers a blend of affordability, growth potential, and stable rental demand.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

55

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Meadow Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

32

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

-

APN/PARCEL ID

23-2-08-07-18-301-005

ASK ABOUT THIS PROPERTY

Andrew ScottRealty Exchange Commercial GroupMore Info
314-323-3831

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Andrew ScottRealty Exchange Commercial GroupMore Info
314-323-3831

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