3045 Bernice Rd Lansing, IL 60438
Turnkey investment property with renovated units and high rental income.
Lot size:
9,256.00 AcresProperty Features for 3045 Bernice Rd
General Information
- Standard status
- Active
- Lot size
- 9,256.00 Acres
Building Details
- Year built
- 1978
Source:
Crexi
Listing Agency: EXP Realty Listing Agent: Jake Fugman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Rehabbed 6-Unit Apartment Building
This is a rehabbed six-unit apartment building located in an apartment community. Fifteen of eighteen units across this building and two others have been fully renovated to modern standards. The property generates almost $9500 of rental income. A new roof was installed in the past year. Electric heaters have been installed in the units to reduce expenses, largely bypassing the boilers. The complex includes a large parking lot with ample space for tenants. This turnkey investment offers a potential cash-on-cash return of 9% at the asking price.
Location Intelligence
Current Use by Public Records
alpha credit solutions
Business Management Consultant
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Cook
- State
- Illinois
- Longitude
- -87.542863
- Latitude
- 41.5790154
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FAQs
What type of property is this?
Apartment building - Turnkey investment property with renovated units and high rental income.
Where is this apartment building located?
The property is located at 3045 Bernice Rd Lansing, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: - Turnkey investment property with 6 units in a desirable apartment community.; - High rental income of almost $9500, offering a 9%+ cash-on-cash return at asking price.; - Substantial renovations completed, including 15 of 18 units modernized.
