5 Beverly Ln, Marissa, IL

4-Unit Apartment – Investment opportunity

Address: 5 Beverly Ln, Marissa, IL 62257

Check out this 4 unit apartment complex that is currently set up as 1 bed / 1 bath units. Property includes an off-street parking area for tenants and is also a block away from Dollar General. Repairs are needed, but there is potential for quick cash flow since one unit at a time could be updated and rented out while work on the remaining units are completed. There is only 1 water meter going to the property.  Could be a great investment opportunity!

• Square Footage: 2100  (Estimated)
• Lot Size: 0.11 (source: County)
• Heating: Electric Baseboards
• Cooling: Electric Window Units
• Water Heater: Electric
• Crawlspace
• Utility Providers
  • Water ~ Marissa
  • Sewer ~ Marissa
  • Electric ~ Ameren
  • Gas ~ Ameren
• Marissa School District
• Drive Times:
  • St. Louis - 52 Min
  • Sparta - 15 Min
  • Chester - 35 Min
• Measurements
  • Living Room  13’ x 13’
  • Kitchen 8’ x 7’
  • Bedroom 9’ x 11’
  • Bathroom 8’ x 5’
• Financing: Cash, Conventional

Directions:  Turn north off 13 onto N Bess, then turn right onto Beverly Ln. Property is half way down the street to your left.

Title Company: Arbeiter Law Office

Parcel(s): 21-22.0-319-019

Taxes: 2022 - $1,583.64