523 Grand Avenue
Aurora,
IL
60506
Property Details
List Price: |
$285,000 |
Beds: |
4 |
Baths: |
-- |
Status: |
Pending |
SqFt: |
-- |
Agency: |
Executive Realty Group |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
-- |
Notes: |
Multi-family unit in close proximity to Fox River, shopping, expressways, schools, and parks. This 2-flat has had some of the expensive updates done, but needs more TLC, so doesn't show as well as it could. NEW Roof, NEW gutters, and NEW Furnace boiler in 2021. NEW water heaters for all units in 2022. Low maintenance - Tenants pay all the utilities and handle snow removal, so it is a building that is easy to manage, and has great cash flow. This property needs some additional updates and repairs and is sold in AS-IS condition. If you don't mind taking on a fixer-upper, it's a great opportunity to pick up a steady income-producing property at a good price. The Cap Rate (return based on the net operating income/sale price) is 10.46% which is extremely high. Rent Roll and Expenses available upon request. |
MlsNumber: |
11999459 |
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Listing Provided By: |
Executive Realty Group, original listing |
Name: |
Executive Realty Group |
Phone: |
(630) 894-1030 |
Office Name: |
Executive Realty Group LLC |
Office Phone: |
(630) 894-1030 |
Agent Name: |
Lexie Lyons |
Disclaimer: |
Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |