700 3RD Street Carmi, IL 62821

Investment Opportunity! What was once a beautiful church with its detailed finishes and stunning wooden beams and casings has been partially rehabbed with plans for 14 apartment units. Currently, income is received from two finished units totaling $1440/mo. Two more units are nearly ready to rent with just a few punch list items remaining while the ten other units are in various stages of the remodeling process. Estimated rehab cost is $150,000.00. Estimated after rehab value is $750,000. Potential income from all 14 units is estimated at approximately $10,000 – $12,000/month. Professional pictures coming soon.