502 S University Avenue

Carbondale, IL 62901

About this property

2 Story Fraternity house close to SIU campus - 9-unit property offers the potential to accommodate up to 17 occupants - features 8 efficiency units plus additional Landlord/manager unit - Total of 9 bedrooms and 9.5 bathrooms with versatile layout offering an investor multiple options for maximizing income-producing potential. This rare investment provides excellent rental history plus prime location and good income - partial walk- out basement for easy maintenance access - concrete parking with 15 spaces - fire suppression system and fire doors -Multiple common areas suitable for meetings, dining, recreation, and gaming - large entry foyer - nice patio area and outdoor relaxation on covered deck - prime location for potential retail on lower lever -Numerous property improvements completed in 2008 with continued maintenance - Current leases and property manager in place - Ideal for investors seeking an established rental property

About this property

2 Story Fraternity house close to SIU campus - 9-unit property offers the potential to accommodate up to 17 occupants - features 8 efficiency units plus additional Landlord/manager unit - Total of 9 bedrooms and 9.5 bathrooms with versatile layout offering an investor multiple options for maximizing income-producing potential. This rare investment provides excellent rental history plus prime location and good income - partial walk- out basement for easy maintenance access - concrete parking with 15 spaces - fire suppression system and fire doors -Multiple common areas suitable for meetings, dining, recreation, and gaming - large entry foyer - nice patio area and outdoor relaxation on covered deck - prime location for potential retail on lower lever -Numerous property improvements completed in 2008 with continued maintenance - Current leases and property manager in place - Ideal for investors seeking an established rental property

Features and Additional Information

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$359,900 Active
7,245 sqft

Presented By Daniel and Associates Real Estate

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Get in touch today! Phone: 1-630-231-8090
Brokerage
SHAMROCK REAL ESTATE
1-618-357-5333
Listed By BETH MILLER-PORTER
Brokerage: SHAMROCK REAL ESTATE

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