Courtesy of: Ryan Rahim, Re/Max Cityview, ryanrahim25@hotmail.com
Courtesy of: Ryan Rahim, Re/Max Cityview, ryanrahim25@hotmail.com
$1,050,000
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11 bed
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6.00 Bath (6 Full)
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Lot: 0.14 Acres
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Other
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$1,050,000
8038 Grand Avenue Excellent 6-Unit Multi-Investment Opportunity in River Grove! All-brick building featuring five spacious 2-bedroom, 1-bath apartments and one 3-room, 1-bath apartment. The property offers approximately 4, 200 SF of building area on a 6, 000 SF lot, with 10 rear parking spaces and a convenient interior corridor layout. Current rental income is approximately $111, 060 annually, with reported annual expenses of approximately $42, 725 and an estimated $68, 334 NOI, reflecting a 6.51 cap rate at the list price of $1, 050, 000. Units are separately metered for electricity, with tenants paying electric. Building amenities include on-site laundry, six ranges, six refrigerators, hot-water heat, window A/C, municipal water and public sewer. Partially finished basement provides additional utility and storage space. Conveniently located near shopping, restaurants, transportation and major roadways. A solid opportunity for investors seeking an income-producing multi unit asset in a desirable location.
Courtesy of: Ryan Rahim, Re/Max Cityview, ryanrahim25@hotmail.com
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