Subject-To
Take Over Existing Mortgage — Single Family in Carbondale, IL
250 W Cherry St, Carbondale, IL · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units3
Beds / baths4 / 3
Living area2,239 sqft
Lot0.19 acres
Year built1977
About this deal
Subject-to existing financing on a 3-bed, 2.0-bath single-family home in Carbondale, IL. Take over the existing mortgage payments and acquire the deed for $95,000. Seller is motivated; equity in the property from day one. Sub-to due diligence package available on request.
The numbers
- Cap rate
- 8.7%
- Net operating income
- $19,644/yr
- Cash flow
- +$1,637/mo
- Occupancy
- 2 of 3 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.