1 Pheasantwood Drive

Belleville IL 62226

64800 sq. ft.

215622 sq. ft.

Other

Currently for sale - view listing

Overview

Pheasantwood Apartments is a 96-unit, garden-style apartment community on 4.95 acres in Belleville, IL. Built in 1980 & 1985, the property includes 64,800 SF throughout 12 buildings. Well-performing multifamily asset that is primed for rent upside. All units are in classic or near classic condition allowing the opportunity for new ownership to have immediate value-add by updating units and pushing rents further over a new ownership period. Highlights: ? 96-unit multifamily asset in a quiet tree-lined neighborhood in Belleville ? Below-market rents allowing immediate value-add for new ownership ? Favorable mix of 1 and 2-bedroom floor plan styles ? All units have washer and dryer connections ? Ample parking of 120 spaces ? Belleville’s average household income of $79,952 reflects a solid middle-class foundation with considerable consumer spending power ? Strong in-place cash flow Property includes the following parcels: 1 Pheasantwood: 62226 08-08.0-420-004 3 Pheasantwood: 62226 08-08.0-420-011 5 Pheasantwood: 62226 08-08.0-420-009 7 Pheasantwood: 62226 08-08.0-420-007 8 Pheasantwood: 62226 08-08.0-420-006 9 Pheasantwood: 62226 08-08.0-420-005 10 Pheasantwood: 62226 08-08.0-420-001 12 Pheasantwood: 62226 08-08.0-420-003 13 Pheasantwood: 62226 08-08.0-419-002 14 Pheasantwood: 62226 08-08.0-419-004 15 Pheasantwood: 62226 08-08.0-419-003 16 Pheasantwood: 62226 08-08.0-419-001

Features

64800 sq. ft. floor area

215622 sq. ft. lot size

Other

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