2001 Tall Oaks Dr Aurora, IL 60505
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 2001 Tall Oaks Dr
- Year built
- 1980
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of five condominiums ideally situated in Aurora, Illinois, near the I-88 Expressway. The portfolio comprises four two-bedroom, two-bathroom units and one one-bedroom, one-bathroom unit, all recently renovated in 2021. Located within the Walden Woods subdivision, these properties boast convenient access to shopping, gas stations, a bike trail, and a park. The units are currently 100% occupied, generating a substantial net operating income (NOI) of $46,165, representing a 6.20% cap rate on the asking price of $745,000. Each unit benefits from off-street parking and a wooded setting. Tenants are responsible for electricity only
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Kane
- State
- Illinois
- Longitude
- -88.2764
- Latitude
- 41.7969