Ideal opportunity for an investor to acquire a 16 unit, California style apartment building, with strong in place rental cash flow and upside value add potential. The building is 100% occupied. The unit mix features all 1 bedroom and 1 bathroom units. Many recent improvements including fully remodeled units with vinyl plank flooring, bathroom upgrades with tile surround, new cabinets, stainless appliances and granite counters. On site laundry (leased 50/50 split) 1 to 1 parking ratio IMPROVEMENTS: New windows (2017) New roof with down spot and scupper box (2018) Gravel parking lot (2017) New stairways (2017) Exterior paint (2017) Exterior LED lighting (2017)
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For more information about 175 S River, Des Plaines, IL 60016 contact Corcoran Urban Real Estate.
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Listing provided by Goldbay Advisors Inc.
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