This is a great investment property in a wonderful area. Potential for an 8% cap rate. Never worry about occupancy just put a sign on Roosevelt Rd. and have a tenant immediately. This is a 4 unit building with over sized units. 1 unit is a 1 bedroom, 1 bath. The other 3 units are 2 bedrooms, 1 bath and all but one unit could use some updating because the kitchens and baths are original to the building. Two leases just ended so the owner has decided to leave them vacant incase the new owner would like to live on site. One of the vacant units has a newly renovated kitchen and bath. Conveniently located to all shopping, downtown Wheaton, Metra commuter train, bus stop in front and Wheaton College. Great maintenance free all brick building. Updated windows and doors through-out. Newer roof and boiler system. All units gas cooking and features balconies for two top Apartments. All units are separate electric meters. There is common paid laundry. Tenant pays electric only. The parking lot is gravel. Building is in good condition but being sold AS-IS
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For more information about 1407 E Roosevelt, Wheaton, IL 60187 contact Urban Real Estate.
Listing provided by Coldwell Banker Residential
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