Rare opportunity to get a 24 unit, multi-family apartment building in Roselle! Great return on investment - highly rentable area. 100% Occupied - Fully Rented! Ten units are 1 bed, 14 units are 2 beds. NEW Roof, NEW Gutters & NEW Fascia in 2018, NEW Railings in 2018. Exterior newly painted in 2018. 3 parking lots for the building - provides ample parking spaces for tenants! Rents could be raised with units more updated. Note: one tenant is a handy man who keeps an eye on the building in exchange for a discount on the rent (he is paid for actual repairs). This is a large rental complex where the rent for the same 1 bedroom model is $1000-1050; the rent for a 2 bedroom, same model, more updated, is $1250-1350. Tenants pay their own heat, AC & electricity. "Other" expenses are for snow removal, lawn mowing & security system. Coin laundry in building - provides additional revenue not included in rent roll. Units are all in good working order. Excellent cash flow. Make an offer today!
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For more information about 503-507 Dorchester, Roselle, IL 60172 contact Corcoran Urban Real Estate.
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