3069 Bernice Rd - Apartments FOR SALE


Lansing, IL 60438
$690,000 USD
630-379-7464
3069 Bernice Rd, Lansing, IL for Sale
$690,000 USD
Apartments - FOR SALE
1/22
null | 7.97% Cap Rate

3069 Bernice Rd
Lansing, IL 60438


HIGHLIGHTS

  • Tenant paid electric
  • Ample parking
  • 4 of 6 unites recently updated

OVERVIEW

Tremendous rehabbed 6 unit in an awesome apartment community! The current owners have fully renovated 15 of 18 units across this building and two others also available for sale individually or as a package (3045 and 3061 Bernice). Boasting $9109 of rental income and a complete tear off new roof this past year along with renovated units to modern standards, this is an unbeatable turnkey investment. Ownership has also installed electric heaters in the units to largely bypass the boilers (still installed but rarely kick on now) to much reduce the expenses. This complex also has a large parking lot with tons of spaces for tenants. This is an investor's dream given the 9%+ cash on cash at asking and turnkey condition.

FOR SALE DETAILS

PRICE

$690,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

6

PRICE/UNIT

$115,000

CAP RATE

7.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1979

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,256 SF

ZONING

R-3, Lansing

APN/PARCEL ID

30-30-407-013-0000

ASK ABOUT THIS PROPERTY

Jake FugmaneXp RealtyMore Info
630-379-7464

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Jake FugmaneXp RealtyMore Info
630-379-7464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.