312 E HESTER Street

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312 E HESTER Street

Carbondale, IL 62901
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential multifamily building located in Carbondale Illinois
  • Property situated at 312 E Hester Street address
  • Asset positioned within the Southern Illinois region
  • Suitable investment for the student housing market
  • Proximity to Southern Illinois University drives local demand

What's Special

Carbondale serves as a central hub for Southern Illinois, anchored by the presence of Southern Illinois University and a diverse local economy. This multifamily apartment building positioned at 312 E Hester Street benefits from proximity to key local transit routes and the educational infrastructure that drives regional rental demand. Investors seeking a foothold in this college-town market will find the asset well-situated for steady occupancy cycles typical of the area. The structure is configured to accommodate residential tenants who require access to both the university campus and the downtown commercial core. Given its layout and placement within the city, this building represents a functional addition to an existing rental portfolio or a starting point for those entering the local investment landscape. Stable long-term demand remains a hallmark of this submarket, supported by the recurring needs of the student population and the university workforce. This asset provides a straightforward opportunity for stakeholders to acquire a tangible residential property within a established Illinois municipality.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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