342 W State St, Jacksonville, IL 62650

Great downtown Jacksonville location walking distance to restaurants and retail shops! This all brick 3 story 21 unit building has great income producing potential and cash flow. There is a coin laundry for additional income of $150-300 mo. Most apartments are updated, but three still need remodeling. Tenant pays electric which includes their heat. Owner pays water and garbage. The parking lot is on a separate tax ID and is included in the sale. Selling as-is. $75,200 in updates in past 3 years!! Roof-$22K, Fire escape stairs $30K, 2 new hot water heaters and holding tank-$1,200, Baseboard heaters in all units, $7K, misc apartment renovations, $10K, new sewer pipe, $5k 12 units currently leased at time of listing two 40 gallon hot water heaters go to a 150 gallon holding tank tenant pays electric Owner pays water $365 mo. and trash 104 mo studios rent for $375- $450 for 1 bed - Call Caron Yates for more information.