Historical Multifamily Sale Listing - BELMONT PLACE

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BELMONT PLACE

450 BELMONT AVENUE, Elgin, IL 60123

N/A

23 Units | Multifamily

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23 UNIT BELMONT PLACE APARTMENTS

Multifamily Property - Off Market

Price:
N/A
No. Units:
23
Building Size:
8,216 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Gross Rent Multiplier:
5.30
No. Stories:
2
Year Built:
1976
Lot Size:
0.67 AC
Listing ID
18373551
Last Updated
203 days ago

Highlights

  • Excellent Cash Flow
  • 2013 Occupancy Rate Excellent - No Vacancies
  • Apartments Rent Quickly from Craig's List and Word of Mouth Marketing
  • Walking Distance to Elgin Community College
  • On Site Parking for all Tenants
  • Excellent Location with Good Curb Appeal

Description

MOTEL STYLE, 2 STORY APARTMENT BUILDING WITH 23 EFFICIENCY UNITS.
EASY MAINTENANCE ALUMINUM SIDED EXTERIOR WITH ON-SITE PARKING FOR 25 CARS. COMBINATION HOT WATER BASEBOARD HEAT
(11 UNITS) MIXED WITH 12 UNITS FEATURING COMBO A/C AND ELECTRIC HEATERS. SOLID POSITIVE INCOME. COIN OPERATED WASHERS & DRYERS CONTRIBUTE TO INCOME AND STAY WITH BUILDING.

LOCATED WITHIN 1 BLOCK FROM ELGIN COMMUNITY COLLEGE (ECC) IN A VERY STABLE SINGLE FAMILY RESIDENTIAL NEIGHBORHOOD WITH SOME NEIGHBORING APARTMENTS. EASY ACCESS TO RANDALL ROAD AND ONLY 10 MINUTES TO I90 TOLLWAY ACCESS TO ROCKFORD AND CHICAGO.

Map of 450 BELMONT AVENUE, Elgin, IL 60123 (Kane County)

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