All Forum Posts by: Bob Ewoldt

Are you interested in a cash-flowing older building in Aurora, Illinois? I have a building that has 6 retail units, and 11 residential apartments, along with a undeveloped 3rd floor which could generate extra cash flow. The owners are having some health issues and are just ready to move on. The property has a gross revenue of $151,440, and a NOI of $85,791! We just lowered the price to $820,000, which brings that cap rate to 10.46%. Incredible! The owners might be willing to owner-finance part of the transaction for a short period of time. If you're interested, give me a call or text at 630-659-4022.

I'm searching for people that might be interested in buying cash deals in Kane County, Illinois--Aurora, St. Charles, Geneva, Elgin, etc.  I currently have 3 off-market properties in various stages of disrepair, and I regularly come across properties in this condition.  These are properties that have mold issues, or foundation issues, and will need a major rehab, but can be bought at a very good price because of this.

I'm a realtor, and can put these on the market, but in the condition that they're in, I'd rather sell them to someone who's serious about doing a major rehab.  I have contractors that are in the process of estimating repair costs, and could do the work for you at a very reasonable rate, or you can use your own team.

Shoot me a reply to this topic, or a text at 630-659-4022 or an email at [email protected] if you're interested.

I plan on being there!

Hi, everyone.  Is anyone interested in a commercial building in downtown Aurora, Illinois, that has a very robust cashflow?  It's priced at $850,000, which is an 8.39% cap rate, but there's an undeveloped 3rd floor on the building that, when built out, could bring the cap rate to over 12%!  The building has 6 retail units on the first floor, and 11 studio and 1-bedroom apartments on the second floor.

Here's a link to pictures of the property, with the basic details of the building (click here).  If you want more information, or want to schedule a showing, call me at 630-659-4022 or email me at [email protected].

Hey, all,

I have an off-market commercial property in Aurora, Illinois that is a retail/apartment mix building that will sell above a 8% cap rate as it currently is.  It's near full occupancy, and cashflows well.  However, there is a value add for the building (you can add more residential units on an empty floor), and the cap rate will go up to 12+%.

The property will go on the market in the next few weeks, but I thought I'd ask here if anyone is interested before it does.

You can contact me via BP or by email ([email protected]) for more information.

@Dan Beaulieu Great job! This is a good motivation to me to get going...

Hi, @Trung Hong. It's great to have you on BP. I'm a real estate agent, and would love to help you. I have to say, though, that I'm new in the business (I got in the business last year to learn the industry in order to become an investor). I'd love to get together sometime, if you want.

I hope to be there @Jeff Valentino.

Welcome, @Deborah Banks! Glad to have you on BP! I'd love to see you at a meeting sometime!

Welcome, @Garland Robinson! It's great to have you here on BP!