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81
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27
Votes
John W Pointer Sr
  • Wholesaler
  • Great Lakes, IL
27
Votes |
81
Posts

🌟 Investment Opportunity Alert! 🌟

John W Pointer Sr
  • Wholesaler
  • Great Lakes, IL
Posted


πŸ“ Nestled in Calumet City, IL, this impressive 12-unit building awaits savvy investors! 🏒

πŸ”‘ Property Specs:

  • 4 x 2 Bedroom Units πŸ›οΈ
  • 8 x 1 Bedroom Units πŸ›οΈ
  • 16 Bedrooms Total | 12 Baths 🚿
  • Sturdy Construction: Wood Frame, Brick, Vinyl & Aluminum Siding πŸ—οΈ
  • Spacious 8,000 sqft. Total Area

πŸ’° Financials at a Glance:     

       10% cap rate 

       Monthly Rents: $14,143 πŸ’΅

  • Gross Operating Income (GOI): $169,716/yr πŸ’Έ
  • Updated Plumbing (2020) πŸ› οΈ
  • Section 8 and Payment Assistance Program Accepted βœ”οΈ

πŸ“ˆ Additional Figures:

  • Sales Price: $845K
  • Annual Property Tax: $29,339
  • Landscaping/Snow Removal: $2,512/yr
  • Utility Expenses: $14,778/yr

✨ Built in 1960, this property has withstood the test of time, proving to be a lucrative asset with a consistent rental income stream. Poised for growth and open to various tenant payment programs, this investment could be the cornerstone of your portfolio.

πŸ”” Don't miss out on this chance to expand your real estate empire! For detailed analysis and investment insights, DM us now! πŸ“₯

Offering