711 W 90th Street
Multifamily | 6.17% CAP | 5 Units
Marketing description
5-unit income property comprised of two separate buildings, featuring a desirable unit mix of (2) 3-bedroom units and (3) 2-bedroom units, along with 3 garages. Property features include copper plumbing, newer gas lines, newer ABS drainage for the plumbing in both buildings, roof sheathing replaced and composition roofing on both buildings, updated electrical including receptacles, LED lighting fixtures, ceramic flooring throughout the units, security gates, and granite kitchen countertops.
Each unit is equipped with a tankless water heater, along with separate gas meters and electrical panels, supporting efficient utility management. Units include in-unit laundry, with appliances primarily owned by the building.
Fully occupied with consistent rent collection. Rents were recently increased, providing in-place income with remaining upside potential. Owner pays water and sewer.
Located across from Elgin Sutton Recreation Center, the property offers a desirable setting that supports strong tenant demand.
An attractive opportunity for investors seeking stable cash flow with strong in-place fundamentals.
Investment highlights
- Fully occupied 5-unit multifamily property
- Desirable mix of (2) 3-Bedroom units and (3) 2-Bedroom units
- Separate gas meters
- Tenants pay individual gas and electricity
- Separate electrical panels
- Tankless water heaters for each unit
- In-unit laundry
- Appliances primarily owned by building
- Owner pays water/sewer and common area electricity
- Located across from Elgin Sutton Recreation Center
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