380 East Adams Street

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380 East Adams Street

Pittsfield, IL 62363
Asking Price
$29K
Asset Type
Residential Mixed-use
Class
Class B

AI Property Summary

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

  • Residential mixed-use property for sale in Pittsfield
  • Asset located at 380 East Adams Street
  • Priced at 28500 dollars for the acquisition
  • Situated in the county seat of Pike County
  • Well-positioned for residential development or rental investment

What's Special

Repurposing this mixed-use residential property at 380 East Adams Street in Pittsfield, Illinois, provides a direct entry point into the local housing market. Situated in a town that serves as the Pike County seat, this asset benefits from the steady economic baseline of west-central Illinois. The structure functions well for an investor seeking to capitalize on regional demand for residential units, potentially serving as a primary residence or a rental holding. Its location within Pittsfield allows for accessibility to the town center and local amenities, positioning the site for long-term utility. Prospective buyers have the flexibility to determine the specific residential configuration that best aligns with current community needs. The straightforward nature of the asset facilitates a range of development or renovation strategies, whether intended for individual ownership or as an addition to a residential portfolio in this established rural trade area.

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NOI
$80,000
Cap Rate
280.70%
DSCR
47.28
Strong
Cash-on-Cash
915.88%
Monthly Payment
$141.002
Annual Cash Flow
$78,307.971

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