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34504925
34504926

455 Park Drive, Marengo, IL 60152 For Sale

BT
IL 471008459
RE/MAX AT HOME
Listed by RE/MAX AT HOME
$469,900
4 days on market
Updated 1 day ago

455 Park Drive

Details
APN 1135328004
Property Type Multifamily
Sub Type Apartment Building
NOI $45,777
Year Built 1977
Acreage 0.240
Zoning MULTI

Multifamily

Marketing description

Outstanding investment opportunity! This free-standing ranch-style triplex offers three spacious units, each featuring 2 bedrooms, 1 full bath, and an attached one-car garage. All three units are fully rented. The third unit is being fully renovated now and the tenant should be moving in at the end of the month. The total rental income is $57,240. Each unit is separately metered with 200-amp electrical service and electric heat. Tenants pay their own electricity and water, while the owner is responsible only for garbage service, helping to keep operating expenses low and maximizing cash flow. Whether you're an experienced investor seeking strong cash-on-cash returns or a buyer looking to build long-term wealth through real estate, this property offers tremendous upside and outstanding potential. Opportunities like this are hard to find. Schedule your private showing today!
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Listing Contacts

BT
IL 471008459
RE/MAX AT HOME
Listed by RE/MAX AT HOME

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$45,777.00
$3,814.75/mo

Valuation Metrics

0
DSCR
9.74%
Cap Rate
9.74%
ROI

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