2 Rental Income At 2804 & 2812 Willowcreek

Multi-Family for Sale
Catylist Listing ID: 30718392
Number of Units: 2 Units
Building Size (RSF): 2,659 SF
Gross Building Area: See Agent
Sale Price: $245,000
Unit Price: $122,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/28/2021

Overview / Comments

2 Rental Income Property Tenant Occupied yearly lease in place. Size: 1, 508 SF +/- & 1,151 SF +/-. Two income-producing HUD Section 8 housing assisted living with updated electrical, roof, plumbing, and heating and air conditioning. Both properties are facing Willowcreek with a total of 160’ +/- Willowcreek frontage. 2804 and 2812 rental income $1886 monthly before taxes and expenses. Leases are in place. Great investment opportunity for entry level or experienced investors.

NDA must be signed prior to showing, release of financials for investors review. Showing by appointment only 48 hour notice to tenants is required. Pre-qualified Buyer offers only.

Parcels are to be sold together and not separately.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Porter
Tax ID/APN: 64-05-14-429-029.000-016
Zoning: R-2 RENTAL INCOME
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,128 55,002 99,194
Median Age: 38.92 37.05 37.26
Households: 3,484 20,592 38,028

Contact

Photograph of Listing Agent

Belinda Schuster, CCIM

NWI Commercial Real Estate ICREX Member
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