Real Realty Inc
Listed by Real Realty Inc
$1,885,000
14618 Keystone Avenue
Details
APN 28102280130000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 18
Cap Rate 7.46%
NOI $140,682
Year Built 1970
Stories 2
Multifamily | 7.46% CAP | 18 Units
Marketing description
ATTENTION: THIS IS A PORTFOLIO SALE OF ALL THREE IDENTICAL SIX-UNIT BUILDINGS ON THE SAME STREET. THE ADDRESSES ARE 14618 KEYSTONE AVE, 14619 KEYSTONE AVE, AND 14643 KEYSTONE AVE IN MIDLOTHIAN, IL 60445. Real Realty is pleased to represent this portfolio of buildings off Keystone Avenue in Midlothian, IL. The offering consists of 3 nearly identical 6-unit buildings. All buildings consists of 1 - one-bedroom and 5 - two-bedroom units. Each building has a central boiler and central hot water heater. Heat and hot water are paid by landlord. Tenants pay for electricity. 9 of the 18 units have been remodeled and are achieving premiums of $150+ more in rent for 1-bedrooms and $250+ for 2-bedroom units than the non-renovated apartments. This is an opportunity for a investor to purchase these buildings and continue to improve units and increase revenue to further maximize returns.
Listing Contacts
Real Realty Inc
Listed by Real Realty Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,682.00
$11,723.50/mo
Valuation Metrics
0
DSCR
7.46%
Cap Rate
7.46%
ROI
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