8305-8311 N Solon Rd - Apartments FOR SALE


Richmond, IL 60071
$410,000 USD
847-363-7489
8305-8311 N Solon Rd, Richmond, IL for Sale
$410,000 USD
Apartments - FOR SALE
1/4
null | 11.44% Cap Rate

8305-8311 N Solon Rd
Richmond, IL 60071


HIGHLIGHTS

  • One Acre Property
  • 2 Houses and One Large Garage

OVERVIEW

PERFECT OPPORTUNITY TO OWN 2 HOUSES FULLY OCCUPIED WITH A 24 X 40 GARAGE ON ONE ACRE! There are a total of 5 rental units in the Two Separate Houses along with the Huge Garage that is also rented. The First Building has 2 Units and with each having 2 Bedrooms and 1 Bathroom and a Full Basement. The Second Building Contains 3 Units: One Unit has 2 Bedrooms and 1 Full Bathroom on the First Floor, The Second Unit has 2 Bedrooms and 1 Full Bathroom on the Second Floor, The Third Unit is a Studio with a Full Bathroom. The Property Sits on an Acre and is a Great Cash Flowing Property. Monthly Income is $4825 a month.

FOR SALE DETAILS

PRICE

$410,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

5

PRICE/UNIT

$82,000

CAP RATE

11.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-1

APN/PARCEL ID

04-22-400-008

ASK ABOUT THIS PROPERTY

Greg KlemsteinRE/MAX PlazaMore Info
847-363-7489

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Greg KlemsteinRE/MAX PlazaMore Info
847-363-7489

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