Fully Rehabbed 4 Unit Building on Torrence Ave, New Roof, Gutters, Windows, Kitchen, Baths, Hot water Tanks & Furnaces. Each Unit Has An Individual Forced Air Gas Furnace, and Individual Water Heaters. Tenants Pay Electric and Gas. There Is A Small Gas & Electric Bill for the Common Areas. Land Lord Pays Water & Garbage. Laundry Income Coin Collected. 2 BD 1 BA $875 2 BD 1 BA $925 2 BD 1 BA $900 1 Bed1 BA $840 Real Estate Taxes $13,762 Insurance $2,000 Water/Sewer $1,400 Common Area Electric $280 Gas $360 Landscaping/Snow $950 Trash Removal $984 Repairs & Maintenance $1,250 Total Expenses $20,986 NOI $22,744 Price $295,000 Cap Rate 7.71% Major Upside On Rents
Property Map
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Property Details
Utilities
Heating Natural Gas
Cooling
Water Lake Michigan
Sewer Public Sewer
Additional Information
Parking
8 Parking Spaces, Owned
Schools
District 215, District 158
Payment Calculator
Listing History
05-06-2021
Listed at $295,000
05-10-2021
Status changed to Under Contract
07-22-2021
Status changed to Closed
07-21-2021
Sold at $267,400
Last Modified 7/22/21 4:36 PM
Nearby Transportation
Hwy 394 South
1.2 mi
Hwy 394 North
1.2 mi
I 294 North
1.2 mi
I 80 West
1.2 mi
Hwy 6 West
1.2 mi
I 94 East
1.2 mi
I 80 East
1.2 mi
I 294 South
1.2 mi
Hwy 6 East
1.2 mi
I 94 West
1.2 mi
For More Information
(312) 528-9200
For more information about 18508 Torrence, Lansing, IL 60438 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Horvath & Tremblay IL, LLC
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
