1642 Country Lakes Dr.

This turn-key 4 unit building checks all the boxes for the savvy investor: CONDITION, CASH FLOW, EXPANDABILTY/VALUE-ADD & LOCATION. CONDITION: All units feature DW(s), in-unit owned W/D(s), C/A, and 1 car attached garages. Three units have full basements (2 finished). Recent interior unit remodels: Unit B (2023), D (2021), C (2020). Recent upgrades: 2023 New Roof ($50K), 2022 Windows ($25K), most HVAC updated w/in last 5 years. CASH FLOW: Low real estate taxes. All units separately metered. Tenants pay ALL gas, electric, water, sewer & trash. Unit B lease starts 6/1 for $1,900/ 1YR). Unit D is vacating 5/31 w/ est. market rent at $1,800/MTH. Unit C has a L-T tenant but $1,600/MTH rent could be raised to $2,000/MTH due to finished basement. EXPANDABILTY/VALUE-ADD: Large green space on lot (~97'X165') allows for the construction of an ADDITIONAL 3 Flat building (See Add'l Info). Seller had past discussions with the Village and obtained some preliminary sign-offs (see attached). Plans for NEW building may be available. Buyer could also SUBDIVIDE lot and sell as a buildable lot. LOCATION: Near I-88 tollway, Metra station. 204 school district (Top 5% in the state / #36 in US per Niche), Naperville awarded 2023 Top 5 "Best Places to Live" per Niche). Highly desirable Naperville location = sustainable, secure high tenant demand/ future rents with the value-add of constructing additional, HIGH DEMAND units for rent/sale OR subdividing lot to sell for a quick inflow of capital.