Great opportunity to purchase a strong cash flowing 4 flat in North Aurora that is directly east of the North Aurora Riverfront Park. Quiet secluded street with all one bedrooms. New roof (2024), new water heater (2024), and new furnace/ electric panels. Property could use new parking lot and units could be updated down the road further to boost rents more. However property still operates around an 8.5 CAP currently. Rents at ~59k of income with last unit rented at $1500. Room to grow rents to 6k a month or 72k. All units heated by one furnace. Tenants pay own electric. Improve the rents by upgrading 2 mtm units. Great return day one! Perfect first investment or expand an existing portfolio in North Aurora.
Price change
Price cut: $16K (8/4)
$499,000
122 E State St, North Aurora, IL 60542
4beds
--sqft
Est.:
Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Quiet secluded streetElectric panelsNew water heaterNew furnaceNew roof
- 60 days
- on Zillow |
- 441 |
- 15 |
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