601 Bess StMarissa, IL 62257

For Sale
$45,000

Four-unit apartment building, high return potential.

Overview

Added:
Feb 3
Days on market:
40
This exceptional investment opportunity presents a four-unit apartment building situated on a 0.48-acre lot at 601 N Bess Street in Marissa, Illinois. The building boasts a total of approximately 4900 square feet and features a robust exterior construction of block and brick. Currently configured as three two-bedroom units and one three-bedroom unit, the interior layout offers significant flexibility. Interior walls are non-load bearing, allowing for adaptable configurations to suit various investment strategies and tenant needs. Recent exterior improvements include updated windows and fresh paint, enhancing curb appeal and reducing maintenance costs. The interior condition varies across units, ranging from requiring complete renovation to simply needing fresh paint, presenting a spectrum of potential return on investment depending on the chosen renovation strategy. This property is ideal for investors seeking a manageable multi-family investment with the potential for substantial returns. The existing units provide immediate income generation, while the adaptable interior allows for customization to maximize rental income and tenant satisfaction. The location in Marissa, Illinois, offers a stable market for rental properties. This is a rare opportunity to acquire a well-located, adaptable multi-family building at an attractive price point. Don't miss this chance to add a strong performer to your investment portfolio.

Property Details for 601 Bess St

Property type
Other commercial real estate
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Marissa
County
St Clair-IL
State
Illinois
Latitude
38.2506
Longitude
-89.75197
601 Bess St, Marissa, Illinois

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601 Bess St
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