Turn-key Condo - Bronzeville - Chicago 13CAP
We have an off market turnkey buy / hold condo available for immediate assignment in HIGHLY DESIRABLE BRONZEVILLE. Below are additional details.
We will be holding showings by appointment only, and showing requests with an offer included will be given priority. We review all offers and accept backup offers as well. If you have any questions or would like to schedule a showing please contact me directly. If you’re a realtor you are welcome to add your fee over and above the asking price.
As with all of our deals, the first to sign the assignment of contract and remit the assignment fee gets the deal.
Description
Vintage turnkey buy / hold opportunity in highly desirable Bronzeville. Top third floor unit features exposed brick, hardwoods, and stainless steel appliances. Unit will yield a 12-13% cap rate in it’s as is condition without doing any rehab whatsoever
Wholesale Price:$58,000
Cap Rate: 13%
Overview
– Brick vintage condo building
– 1,100 sq ft, 2Bd / 2ba, top floor unit (3rd floor)
– Unit features hardwoods, exposed brick, built in fireplace, and walk out porch
– Mechanicals in good working condition
– No assigned parking spaces, but free street parking all around building
– All appliances included (stacked washer / dryer, refrigerator, stove, microwave)
– Property will be vacant prior to close
– Taxes $700 annually
– HOA Dues $135.82/mo (includes water, trash, snow removal, common area and exterior maintenance)
– Building’s roof, porches, and tuckpointing all new withing in past 12months.
– 22.1, Rules & Regs, Declarations, and last 3yrs of association financials available.