Photo 1 of 1
$324,000
Sold on 1/06/17
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
10 |
0.00 |
0 |
$3,677 |
|
On the market:
93 days
|
View full details, 15 photos, school info, and price history
Incredible Investment Opportunity w/ a 50% Cash-on-Cash Return! Beautiful Greystone Legal 3-Flat! Property Was Completely Gutted 8 Years Ago, Roof, Electrical, Plumbing, Heating, Windows, Hardwood Floors, Kitchens and Baths! 1st Flr Unit Offers 3 Beds and 1 Bath. 2nd Flr Unit Has 4 Beds and 1 Bath. Garden Unit Has 3 Beds and 1 Bath. Lot at 911 N Lawndale Next to Building is Included w/ a 2 Car Garage! Lot Has Separate PIN and Taxes were $634 in 2014. Tenants are Long Time Section 8 and Rents Have Not Gone Up in 8 Years, so Room for Rent Increases! At a 3.6% Interest Rate with 20% Down, Investors Can Expect a Monthly Income of $3,440 - $479 in Expenses = $2,961, a Yearly Cash Flow of $35,532! and at $5,000 in Closing Costs, a CASH on CASH Return of 49%!
Listing courtesy of Ryan Widerberg, Kale Realty