Great of Cashflow in this deal. Could return your investment in less than 2 years of owning this property. 3 of the 4 units are currently rented below market value with good long term tenants (Been there for over 7 years) paying $1,400 per month.
The forth unit is vacant and ready for you to repair it and rent it for market value ($800 - $900/month).
This property is priced to sell, with ARV over $160,000 there is enough equity to rehab, 100% refinance and hold this deal and cash flow.
Drive by without disturbing tenants, or call/email to schedule a full walk through.
Sold comps are within .5 miles from the subject property and have been sold within the last 6 months.
Here are some 2 Units Comps (Note the subject property is 4 units):
- 235 S Seeley Ave , Chicago, IL 60609 - Sold on 02/2016 for $210K
- 2107 W 50th Pl , Chicago, IL 60609 - Sold on 07/2016 for $144K
- 5022 S Loomis Blvd , Chicago, IL 60609 - Sold on 03/2016 for $140K