Off-Market Offering240 Unit Multifamily Carbondale, Illinois
$11,250,000
240 units
Asking Price
$11,250,000
Units
240
Investment Highlights
Carbondale, Illinois 240-unit Class C garden-style multifamily, built 1971. 84 1BR | 110 2BR | 46 3BR, currently 96% occupied. T12 NOI $795K | $2.34M gross potential rent. Major value-add through utility recapture/RUBS - property is master-metered with ~$656K annual utility expense, while currently recovering only ~7%. Increasing recovery to 30% could add ~$151K to NOI, bringing NOI to ~$946K. Asking $11.25M (7.1% cap in place 8.5% pro forma | 4.8x GRM | $46,875/unit)
Crezly Admin
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https://www.crezly.com/property/carbondale-illinois-240-unit-class-c-garden-style-multifamily/
https://www.crezly.com/property/carbondale-illinois-240-unit-class-c-garden-style-multifamily/
Prepared via Crezly Marketplace (crezly.com) from owner/broker-supplied information and NYC public records. Information deemed reliable but not guaranteed; buyers must independently verify. Not an offer, solicitation, or investment advice.