Property Listing No Longer Available for Sale

1234 W. 127th, Calumet Park, IL

Multi-family for Sale - $175,000 - 9,375 Sq. Ft.


Property Info

CIMLS#133043
Location
  1234 W. 127th
  Calumet Park IL 60827
UpdatedJune 26th, 2011
TypeMulti-family
Price$175,000
Building9,375 Sq. Ft.

Property Description

Quality building on high traffic 127th. (8) 2 bedroom units with parking! Easy to rent. Great visibility. Additional income can be derived by installing laundry. Part of 4 building portfolio. Can be purchased individually or as a package. Other properties include: 1200 W. 127th, 12500 S. Lincoln and 12510 S. Lincoln.

Location Description:

South Suburban

Highlights:

>> Lots of updates within last 12 months.

>> Listed at approx. 50% discount of current comps.

>> Unit layouts are all 2/Br and leasing has been easy!

>> Part of portfolio opportunity - three other buildings within 1/2 mile.

>> Pro Forma Cap & NOI reflect a conservative 25% vacancy loss!


Financials

Sales Info:

>> Cap rate: 17.26%

>> Commision split: 3.0%

>> NOI: $30200.0



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