Description
Looking for an armchair investment with a generous return? Check out this four-unit, townhouse style brick building on corner lot. Generating an 8% cap rate as long-time owner passes utility expenses through to tenants. Two units recently renovated and vacant, making for easy first showing. Two occupied units are on month-to-month leases. Not much to do in terms of value-add, just a good, solid cash machine. Possible exit strategy: divide property into four PINs, sell units as fee simple townhouses, which most recently command up to $200,000 in Bellwood. Plenty of on-street parking available on Jackson and Eastern. Highest and best due 4 pm Friday, March 25.
Location
Courtesy of: Coldwell Banker Realty Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 20th May, 2022 2:54 AM (UTC)
