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Investment Grade Portfolio Offering

3 Retail Condos Offered at $395,000 in Multiple Locations

INVESTMENT HIGHLIGHTS

  • little to no deferred maintenance
  • close proximity
  • below market rents ** ability to increase REVENUE **
  • easily managed
  • thriving real estate asset type
  • CASH FLOWING

EXECUTIVE SUMMARY

Will not last long !!! - Meticulously Maintained Condo portfolio. ..
NOI and CAP Rate are Pro Forma
Arm Chair Investment -
Current Rents are Below Market - Presents the new owner the Opportunity to increase Income, Cap rate & ROI by adjusting rents to fit the market.
This is anAmazing opportunity for an investor to enter the thriving residential market at an affordable price point...
Each unite separately metered - Affording an investor the flexibility to liquidate of each unit separately under their discretion.
BELOW MARKET RENTS - Plenty of room to increase Rents and Revenue.
Turn Key - Majority of rents are paid on time and electronically deposited..
**** Purchasing a condominium portfolio has significant advantages over purchasing a single property that features the same or better cap rate. Each condominium has an association that handles & budgets for large expenses including: parking lot, roof, exterior, foundation, structural, etc. Each condominium has their own separate duct work and HVAC systems. *****
Excellent
Please note: CoStar/Loopnet manipulates the data contained in our listings without the consent of the property owner and Brokerage . Often times this creates Inaccuracies in our listings. Due to this, the accuracy of each listing should be confirmed by contacting our office or agent directly..

PROPERTY FACTS

Price $395,000
Price / SF $123.44 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Cap Rate 6.82%
Sale Type Investment NNN
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 3,200 SF

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
11857 S Karlov Ave, 1st Floor - Unit 1, Alsip, IL 60803 Retail Condo 1,000 SF 1987 -
11857 S Karlov Ave, 1st Floor - Unit 2, Alsip, IL 60803 Retail Condo 1,100 SF 1987 -
14533 Lamon Ave, 2nd Floor - Unit 6, Midlothian, IL 60445 Retail Condo 1,100 SF 1975 -
Show More > < Show Less
  • Listing ID: 14220344

  • Date on Market: 10/29/2018

  • Last Updated:

  • Address: Investment Grade Portfolio Offering, Alsip, IL

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