2911 S Belt W, Belleville, IL 62226

Description

Excellent Investment Opportunity in the Heart of Belleville! Add to your portfolio with this fully occupied income-producing property featuring a three-unit apartment building and a separate 2-bedroom, 1-bath single-family home. Currently generating $2,800 in monthly rental income at existing rental rates, this property offers immediate income and potential for long-term investment growth.

The three-unit building includes: Unit 1: 1 bedroom, 1 bath, rented for $550/month on a month-to-month basis. Features include a window AC unit, electric washer and dryer, wood-burning fireplace, gas furnace, and gas water heater, Unit 2: 3 bedrooms, 1 bath, rented for $950/month with a lease through September 2027. Features include three window AC units, electric washer and dryer, gas furnace, and gas water heater, and Unit 3: 1 bedroom, 1.5 baths, rented for $550/month on a month-to-month basis. Features include central air conditioning, electric washer and dryer, gas furnace, and gas water heater. The separate single-family home offers 2 bedrooms and 1 bath and is rented for $750/month with a lease through September 2027. Additional features include central air conditioning, electric washer and dryer hookups, an electric furnace, and an electric water heater.

The owner currently pays sewer and trash service for both buildings, while tenants are responsible for electricity, water, and gas through separately metered utilities. A future owner may wish to explore alternative arrangements for sewer since they are separately metered and trash expenses, subject to applicable requirements.

Located within the St. Clair County zoning jurisdiction and zoned SR-3 (Single Family), the property is currently utilized as multi-unit rental housing. Buyers should verify existing use, occupancy, and any proposed changes with the appropriate authorities.

Conveniently situated near public transportation, schools, and major Metro East roadways, this property presents an opportunity for investors seeking an established rental operation with multiple income streams.

Property is being sold AS-IS. Seller will make no repairs resulting from building, occupancy, or environmental inspections. Animals are present on the property. A minimum of 24 hours' notice is required for showings; 48 hours' notice is preferred.

Whether you're expanding an existing portfolio or entering the investment property market, this Belleville income-producing opportunity is worth a closer look!