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1070 Orange Ave - 1070 Orange Ave Multifamily Building
ABOUT 1070 ORANGE AVE , MARSEILLES , IL 61341
| Price | Not Individually For Sale | Building Class | C |
| Property Type | Multifamily | Lot Size | 0.77 AC |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Price | Not Individually For Sale |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.77 AC |
| Parking Ratio | 2/1,000 SF |
EXECUTIVE SUMMARY
This is a modest, highly rentable 12-unit apartment building. There are 8 2-bedroom units ($595/ea/mo) and 4 units with 1 bedroon and a den. The plumbing & wiring have been recently been updated. Heat has been converted from central boiler to baseboard electric; electricity is separately metered and charged directly to tenants. All cabinets and appliances have been replaced.
This property is an excellent opportunity for an immediate substantial return which will only increase in the next few years. With a 12%+ cap rate as is, it is very attractive to owners who wish to manage their own properties and achieve a substantial return with minimum risk.
Detailed breakdown of revenues and expenses available on request.
This property is an excellent opportunity for an immediate substantial return which will only increase in the next few years. With a 12%+ cap rate as is, it is very attractive to owners who wish to manage their own properties and achieve a substantial return with minimum risk.
Detailed breakdown of revenues and expenses available on request.
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