Skip to content
Classifieds

User Stats

175
Posts
308
Votes
Michael Beeman
Pro Member
  • Casey, IL
308
Votes |
175
Posts

8-units. Full, Actual Financials, 13 cap GREAT CASH FLOW

Michael Beeman
Pro Member
  • Casey, IL
Posted Oct 2 2018, 08:35

Selling for personal financial reasons.

Property Management is in place. Units are full.

8-units  1 duplex, and a 6-unit building  $270,000

Turn Key, Great Cash-flowing property.

7 units have been remodeled. We wanted to remodel the 8th unit, but were unable to because a renter wanted it, and now it is rented. All 8 units are full, total rents are 4150/month. And the last 12 month's NOI is 35,131.

Even using the 50% rule if expenses increased, it is still an 11 cap.

C-class location. in a beautiful blue collar town.

Located in Robinson IL,  multiple factories including Hershey's, and a Marathon Oil refinery are the major employers

Only asking $270,000. Great Cash-flowing property.  You can message me directly on here, or text or  call me at 812-266-0818.

22% Cash on Cash returns.

Offering

Loading replies...