400 University Avenue

Description

Price listed is Starting Bid Only. Bidding starts closing 12/17/2025 @ 5 p.m. Discover your chance to own a dependable, income-producing asset in the heart of Belleville. This fully leased duplex generates $1,955 in monthly rental income at the current rental rates, offering immediate cash flow and long-term investment potential. Each of the two spacious units features two bedrooms and one bath, complete with its own kitchen, washer and dryer hook-ups, screened-in porch, and an attached two-car garage with extra storage space. Both tenants are on month-to-month lease agreements and cover their own utilities thanks to separate meters, keeping operational costs simple and transparent. Zoned A-1 Single Family within the City of Belleville, the property is currently operating as a duplex, with any alternate use requiring city approval. Conveniently located near public transit, schools, and major Metro East roadways, this property combines accessibility with strong rental appeal. With two fully rented units, this is a smart investment whether you are expanding your portfolio or stepping into multifamily real estate for the first time. Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers. Showings available on open house date only. Any showings after open house are by appointment only.