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28026862
28026875

224,228 E Rimini Ct, Palatine, IL 60067

GG
IL 473.131700
Coldwell Banker Commercial NRT Long Grove
Listed by Coldwell Banker Commercial NRT Long Grove
$2,800,000
226 days on market
Updated 105 days ago

224-228 Rimini Ct

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,000
Net Rentable (SqFt) 12,000
Units 12
Cap Rate 7.67%
NOI $214,713
Price per SqFt $200
Broker Co-Op Yes
Year Built 1984
Year Renovated 2023
Buildings 2
Stories 3
Zoning R4
Parking Spaces spaces
Investment Type Net Lease
Ownership LLC

Multifamily | 12 Units | $233,333/unit

Marketing description

224 & 228 Rimini Court, Palatine, IL - 12-Unit Apartment Building *Outstanding investment opportunity in a prime Palatine location. This fully remodeled 12-unit property offers twelve spacious two-bedroom, one-bathroom condos, each equipped with individual central heating and air conditioning. *All units have been completely updated, featuring modern finishes, renovated kitchens and bathrooms,flooring and appliances replaced within the last few years. Each unit also includes a private balcony with views of a wooded area to the rear of the property. *Building improvements include a newer roof, windows, and sliding doors, secure intercom system, individual basement storage units, and much more... *The property backs to a quiet wooded area, providing privacy and outdoor space for residents. *Located near schools, shopping, transportation, and parks, this turn-key asset offers strong rental potential and consistent performance in a highly desirable suburban market.

Listing Contacts

GG
IL 473.131700
Coldwell Banker Commercial NRT Long Grove
Listed by Coldwell Banker Commercial NRT Long Grove

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$214,713.00
$17,892.75/mo

Valuation Metrics

0
DSCR
7.67%
Cap Rate
7.67%
ROI

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Additional Information

Name
Galya Georgieva
License
473.131700
Brokerage
Coldwell Banker
Brokerage Phone
6309657328
Title
Broker
Brokerage Address
4192 Illinois 83
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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