Motivated owner looking to move out of state. Listed at 13.41 Cap, 38.66% CASH ON CASH RETURN! Don't miss this opportunity! 24 Bedroom Multi Family/Boarding House (48 Occupancy). Cinder block construction. HUGE Cash Flow, Listed well under replacement cost. Fully remodeled, Newer Mechanicals (Boiler replaced 2009, 100 gal commercial water heater 2015). Long list of Upgrades and Investments! 5 year Group contract in place (4 years remaining) with existing tenant (One check per month for all 24 rooms!). In the Heart of Greek Row just blocks from the NIU Campus. .25 AC, 15 Parking Spaces, Built 1969. Property is well maintained and just had a new GACO Liquid Roof Installed in December. Significant capital investment has been put into the building over past 3-4 years. Additional information, list of upgrades, offering memo, financials, and comps available upon request.
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