Photo 1 of 1
$1,325,000
Sold on 5/15/20
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
14 |
0.00 |
0 |
$13,500 |
1898 |
On the market:
70 days
|
View full details, 15 photos, school info, and price history
OVER $112000 (MARKET $151,200) IN ANNUAL RENTS. RENTS CURRENTLY BELOW MARKET VALUE BY $200 p/b YET STILL A 5% CAP RATE. TAKE ADVANTAGE OF THIS OPT TO OWN A STATELY LAKEVIEW 4-FLAT IN BURLEY SCHOOL DISTRICT; RAISE RENTS TO MARKET AND RECEIVE 7-9% CAP RATE. FOURTEEN BEDS. TOTAL RENT INCOME MONTHLY $9400 (MARKET 12,600/$151,200 ANNUAL MARKET) FIRST FLOOR UNITS NICELY RENOVATED AND DUPLEXED DOWN W/ IN-UNIT W/D. ALL UNITS ARE BEAUTIFULLY RENOVATED AND IN GREAT SHAPE. EACH UNIT HAS OWN HEATING/COOLING/ELECTRIC & PAY UTILITIES. ALL HAVE CENTRAL AIR/HVAC. HIGH BASEMENT CEILING HEIGHT. SOLID BRICK BUILDING THAT HAS BEEN WELL MAINTAINED. ADDITIONAL STORAGE UNITS IN BASEMENT. VERY WELL MAINTAINED BUILDING.
Listing courtesy of Kimberly Chase-Harding, Berkshire Hathaway HomeServices Chicago