Property ToursWill be offered for Metropolitan Apartments on Wednesday, July 26th and Wednesday, August 2nd between 10:00 AM to 1:00 PM local time. Please contact the listing broker to schedule. Property ToursWill be offered for Garden Park on Thursday, July 27th and Thursday, August 3rd between 10:00 AM to 1:00 PM local time. Please contact the listing broker to schedule. Investment Highlights *Two value-add properties near Southern Illinois University *Well maintained properties near Southern Illinois University *Compelling value-add opportunity Investment OverviewThe offering is for a portfolio of two different multi-family properties in Carbondale, IL. Garden Park is for a 46-unit garden style apartment property located in Carbondale, IL. The property consists of two buildings that were constructed in 1969 on a 3.10-acre site. The building is constructed with a masonry block frame, exterior brick walls, and built-up, flat gravel topped roof. There are 150 surface parking spaces, for a parking ratio of 3.3 spaces per unit. The property amenities include a swimming pool that is currently closed down, a picnic area, coin operated laundry, and vending machines. The property also has a leasing office that was converted from a one bedroom unit. The unit mix includes (3) 1BD/1BA units and (43) 2BD/2BA units. Each unit has a refrigerator, disposer, a dishwasher, an electric oven/range and a balcony or patio. The Metropolitan Apartments is for a 66-unit mid-rise apartment property located in Carbondale, IL. The property consists of a single building that was built by Southern Illinois University (“SIU”) as a dormitory circa 1969. The subject is situated on a 1.07-acre site that is located directly across from the main campus of SIU. The building is constructed with a masonry block frame, exterior brick walls, and built-up, flat gravel topped roof. There are 26 surface parking spaces, for a parking ratio of 0.39 spaces per unit, which is a pre-existing, non-conforming use due to the requirement of 66 spaces. The property amenities include a leasing office towards the main entrance on the first floor, a laundry room on each floor, a game room, and vending machines. The property also has a basement that houses the mechanical room and a kitchen that is not in use. The unit mix includes (3) Studio Units and (63) 1BD/1BA units. Each unit has a refrigerator, garbage disposer, and an electric oven/range with a built-in hood vent. Property Listed By: Jennifer Stein – JDS Real Estate Services, Inc.; IL RE #471018303 / 213-446-5366 This property will be auctioned on Monday, August 7 - Wednesday, August 9 . The price displayed is the starting bid amount of $400,000. For information and to register to bid on this property, please visit Ten-X.com.
