Developer · Chicago, IL · Member since 2015 · 208 posts · 64 votes
We have a fully rented duplex in downtown Aurora available for immediate sale. Currently the property is owner-managed, but even with professional management at market rent, the property would bring in over $920 a month in net profit. If you know of someone who is interested in the property, we will pay you a $1,000 referral fee.
The year leases converted into month to month in 2013 at below market rent because the owner "did not want to fuss with it." Owner is retiring and divesting his portfolio. The renters are looking to sign another 1-2 year lease at market rent. Market rent is $1,700 a month ($850 each). Tenants pay for all utilities except for water and sewer. With an estimated market value of $115,000, the property is available to you for $79,900.
Let us know if you are interested, as this opportunity will not last long. EMAIL ME for access to additional photos, leases, utility bills, tax docs, zoning docs, all financial etc. A single group showing will be set up for interested buyers unless a sight unseen offer is presented and paperwork signed prior to the showing.