301 East McCasland Avenue, East Alton, IL 62024 - Madison County

Ideal location for renters! This turn-key apartment building has four units and is ready for new ownership. Three of the four units are currently occupied with reliable long-term renters ensuring a steady cash flow from day one. The fourth apartment has recently been updated, is currently vacant, and has passed its inspection with the city offering the new owner the opportunity and flexibility of seeking their own tenant(s).

The current owner has completed electric and plumbing updates to allow for each unit to have its own electric and water service. You'll notice the attention to detail with each breaker box being clearly labeled and all plumbing lines being color coordinated to their respective apartments.

Each unit features one bedroom, a living room, an eat-in kitchen, a closet, and a bathroom. All appliances will be included in the sale. The basement offers four equally divided spaces for doing laundry and additional storage. A large four-car divided garage also sits on the premises adjacent to a parking lot allowing plenty of space for off-street parking.

Property Features

-2,584 total square feet

-4 rental units

-Individual washer and drier

-Individual storage

-Individual water/electric services

-Off-street parking

-2023 taxes: $4,121.00

-Close to amenities

-1.2 miles to Alton, Illinois

-5 miles to Bethalto, Illinois

-10 miles to Edwardsville, Illinois