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601 S Washington St

Carbondale, IL 62901

$922,000

Apartments For Sale  •  10,923 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 10,923 Sq Ft
  • Lot Size 0.28 ac
  • Building Class C
  • Year Built 1967
  • Cap Rate 7.92 %
0 Transit Score
77 Walk Score

Description

Three story brick apartment building consisting of 34 studio units containing a living area, kitchen and bath located on the corner of South Washington St & E Mill St close to campus commonly known as the Rosewood Apartments. This complex has an on site laundry room and a maintenance room. The apartments have been updated and have an excellent occupancy history. 21 units rent for $325/mo, 3 units rent for $340/mo, 1 rents for $310, 5 rent for $300 and 1 rents for $272 currently.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $73,041 (2017)
Cap Rate: 7.92 %
Total Expenses: $58,064

Amenities

  • Laundry Facilities
  • Refrigerator
  • Range

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 26
Type: Surface
Included in Rent: Yes
Timothy Ratajczyk 618-534-3566 Realty Central
Timothy Ratajczyk 618-534-3566 Realty Central