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Mark Green
  • Rental Property Investor
  • Mount Carroll, IL
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14 Unit Apartment Building Assignment - 11.42% CAP RATE

Mark Green
  • Rental Property Investor
  • Mount Carroll, IL
Posted Nov 20 2018, 21:23

Fully leased apartment building. 14 X 1 bedroom units - 11,42% CAP RATE in Potosi Wisconsin.

$4,661.85 Monthly Cash Flow and NOI - $55,942.24. $10k Assignment Fee

PM for more Information

Offering

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Elbert D.
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
365
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688
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Elbert D.
  • Real Estate Entrepreneur / Investor
  • Chicago, IL
Replied Nov 20 2018, 22:35

What neighborhood is this? The numbers look ok. Whats the price? Any rehab needed? I never seen or have been to anything that didnt need a little rehab.

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Mark Green
  • Rental Property Investor
  • Mount Carroll, IL
0
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5
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Mark Green
  • Rental Property Investor
  • Mount Carroll, IL
Replied Nov 20 2018, 22:39

Hey Elbert, Its a small town but fully leased property. I inspected the property last Friday and it's in excellent condition. Maybe 5k for a few cosmetic items. Price is 490K with 10k assignment fee. Send me your email and we will forward more details if needed.

Thanks

Mark

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Alina Trigub
Pro Member
  • Rental Property Investor
  • Glen Rock, NJ
2,092
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Alina Trigub
Pro Member
  • Rental Property Investor
  • Glen Rock, NJ
Replied Nov 21 2018, 07:57

@Carolyn Lorence