This 4-unit apartment building in Portage is fully updated and rehabbed inside and out. 30 min away from IL and MI border, less than 1 hour away from Downtown Chicago. Each unit is occupied, and the current gross income is about $47,820 annually. All units have one bedroom, 1 bathroom, & a large living room and kitchen. This property is professionally managed, which is an ideal situation for post-acquisition. The owner pays very little for utilities, tenants pay for almost all. This investment property projects to be a 9.5%+ cap rate after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA806780
Price : $450,000
Bedrooms : 4
Rooms : 0
Bathrooms : 4
Half Bathrooms : 0
Year Built : 1997
Lot Area : 14,810 Sqft
Status : Active
Acres : 0.34
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Baseboard
Parking : Common, Parking Lot
Appliances
Appliances : Microwave, Dryer, Refrigerator, Washer, Free-standing Gas Range