6997 Apple Lane

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6997 Apple Lane

Carbondale, IL 62902
Asking Price
$130K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in Carbondale Illinois
  • Priced for acquisition at one hundred thirty thousand dollars
  • Strategically positioned near the Southern Illinois University campus
  • Asset provides direct access to regional transit routes
  • Residential property suitable for consistent income generation

What's Special

This multifamily apartment building sits at 6997 Apple Lane in Carbondale, Illinois, 62902. The property serves as a functional addition to a local portfolio in a region anchored by its proximity to Southern Illinois University. The surrounding area maintains a steady demand for rental housing, supported by a mix of students, faculty, and local professionals. Investors often seek out properties in this submarket to capture consistent occupancy rates inherent to university-affiliated towns. Given the structure of this asset type, it provides a straightforward entry point for buyers focused on residential income generation in a Midwestern market. The location allows for efficient access to major regional transit routes and central city amenities, contributing to the long-term viability of the site as a residential investment.

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NOI
$80,000
Cap Rate
61.54%
DSCR
10.37
Strong
Cash-on-Cash
185.34%
Monthly Payment
$643.169
Annual Cash Flow
$72,281.971

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