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Multifamily

Belleville , Illinois - Portfolio

3600 W Main St, Belleville, IL 62226

Listing Price: Request For Offer

Number of Units
128
Occupancy
95.0%
Gross SF
80,584

Investment Overview

Kingery Apartments, built in 1962 is located just minutes (walking distance) of downtown Belleville, Illinois. The Property was originally built using both brick (mason) & wood-frame with masonry exterior, pitched-roofing on top of concrete-slab foundation. Featuring private off-street parking, large-open/spacious floorplans, galley style kitchens. The Property consists of fifteen (15) Buildings & contains total of eighty-four (84) Units. Covering just under three acres (2.94), Kingery Apartments consists of sixty-four (64) 1Bed/1Bath, nineteen (19) - 2Bed/1Bath, and one (1) - 2bed+/1bath units. The average unit size is 636 square-feet. Kingery is walking distance downtown Belleville which is the St. Clair County’s central business and entertainment district. Yorkport Apartments, located amid high end residential homes, apartment communities, & farmland Swansea, Illinois attracts local professionals and families who prefer long term tenancy. The property is minutes from Interstate 64 & St. Clair Square Mall, and Scott Air force Base (13,000 employees). The Property consists of nine (9) Buildings & a total of forty-four (44) Units. Yorkport Apartments boasts thirty-six (36) - 2Bed/1Bath units that average 634 square-feet, and eight (8) - 1Bed/1Bath units, Yorkport was built using wood-frame with masonry, pitched-roofing on top of concrete-slab foundation. Featuring private off-street parking, large-open/spacious floorplans, galley style kitchens. The Belleville Portfolio is a stabilized, well positioned multi-housing opportunity. Attractive, assumable long-term debt is available, and may also be purchased free & clear. 42% of households within a one-mile radius are renter occupied with only 3.8 percent vacancy rate within five-miles of the portfolio. The Properties may be purchased individually, with preference given to portfolio sale.

Investment Highlights

  • 128 Market Rate Units
  • Attractive Assumable Long-Term Debt Option
  • Recently Updated Units
  • All-Electric Kitchens
  • Ample Off-Street Surface Parking
  • Spacious Floor-Plans
  • Proven Model to Increase ($175 per Month per Unit)

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Multifamily

Belleville , Illinois - Portfolio

Listing Price: Request For Offer

Number of Units
128
Occupancy
95.0%
Gross SF
80,584

Investment Highlights

  • 128 Market Rate Units
  • Attractive Assumable Long-Term Debt Option
  • Recently Updated Units
  • All-Electric Kitchens
  • Ample Off-Street Surface Parking
  • Spacious Floor-Plans
  • Proven Model to Increase ($175 per Month per Unit)

Investment Overview

Kingery Apartments, built in 1962 is located just minutes (walking distance) of downtown Belleville, Illinois. The Property was originally built using both brick (mason) & wood-frame with masonry exterior, pitched-roofing on top of concrete-slab foundation. Featuring private off-street parking, large-open/spacious floorplans, galley style kitchens. The Property consists of fifteen (15) Buildings & contains total of eighty-four (84) Units. Covering just under three acres (2.94), Kingery Apartments consists of sixty-four (64) 1Bed/1Bath, nineteen (19) - 2Bed/1Bath, and one (1) - 2bed+/1bath units. The average unit size is 636 square-feet. Kingery is walking distance downtown Belleville which is the St. Clair County’s central business and entertainment district. Yorkport Apartments, located amid high end residential homes, apartment communities, & farmland Swansea, Illinois attracts local professionals and families who prefer long term tenancy. The property is minutes from Interstate 64 & St. Clair Square Mall, and Scott Air force Base (13,000 employees). The Property consists of nine (9) Buildings & a total of forty-four (44) Units. Yorkport Apartments boasts thirty-six (36) - 2Bed/1Bath units that average 634 square-feet, and eight (8) - 1Bed/1Bath units, Yorkport was built using wood-frame with masonry, pitched-roofing on top of concrete-slab foundation. Featuring private off-street parking, large-open/spacious floorplans, galley style kitchens. The Belleville Portfolio is a stabilized, well positioned multi-housing opportunity. Attractive, assumable long-term debt is available, and may also be purchased free & clear. 42% of households within a one-mile radius are renter occupied with only 3.8 percent vacancy rate within five-miles of the portfolio. The Properties may be purchased individually, with preference given to portfolio sale.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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