3750 SW 1ST Street

Highlights:

• Lot Features: City Location, Less Than 1/4 Acre Lot, Less Than 1 Acre
• Gross Income: 54000
• Bathrooms Total: 0
• Documents Available: Books & Records, Copies Of Lease(S)
• Cooling: Wall/Window Unit(s)
• Heating: Window/Wall
• Electric: 101-200 Amps
• Flooring: Tile
• Construction Materials: Concrete Block Construction, Brick
• Parking Features: Assigned, Guest
• Security Features: No Fire Protection, No Security
• Insurance Expense: 3800

Description:

7-unit multifamily building located in Melrose Park. Fully rented long term tenants and all tenants are month to month. Units need updating to kitchens and bathrooms and needs new roof. Perfect value add property or immediate income producer.

Buyer can assume 6% mortgage currently held by owner

Total Monthly rent: $8,085
Electric: $680, Water: $300, Trash: $300, Lawn: $100, Property Taxes: $20,585

Total Yearly rent: $97,020
Total yearly expenses: $37,145
ROI: 6.9%

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Listing ID: B26097484