Note for sale
Mortgage Note Available · Single Family in Belleville, IL
521 W Main St, Belleville, IL · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units3
Beds / baths5 / 2
Living area2,212 sqft
Lot0.22 acres
Year built1950
About this deal
Performing mortgage note secured by a single-family home located at 521 W Main St, Belleville, IL. Face value $315,000. Note is current; borrower paying on time with a solid equity cushion. Ideal for note investors seeking passive income backed by real property collateral.
The numbers
- Cap rate
- 6%
- Net operating income
- $19,320/yr
- Cash flow
- +$1,610/mo
- Occupancy
- 2 of 3 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.