524 Cross St - Apartments FOR SALE


Sycamore, IL 60178
$650,000 USD
815-748-4663
524 Cross St, Sycamore, IL for Sale
$650,000 USD
Apartments - FOR SALE
1/17
null | 10.9% Cap Rate

524 Cross St
Sycamore, IL 60178


OVERVIEW

Nice income producing 6 unit! Within the last few years this property has been improved with a new roof, gutters, fascia, major electrical update, lighting, doors, paint, landscaping, and individual heat and a/c installed (mini splits) in every unit! Tenants pay electric which includes their heat and a/c. There is a laundry room with 2 sets of washer/dryers for additional income and central boiler heat as a back up heating system. The property offers 5 spacious 1 bedroom units and a studio unit. Hardwood floors, walk in closets, and large room sizes are all features that make this property easy to rent. Garage parking for 4 vehicles and additional off street parking. Whether you are starting your rental property portfolio or adding to it, with a CAP rate of 10.9, you won't go wrong with this one!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

10.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

524 S Cross

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,861 SF

ZONING

R-1

APN/PARCEL ID

06-32-378-001

ASK ABOUT THIS PROPERTY

Tom VierigCastle View Real EstateMore Info
815-748-4663

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Tom VierigCastle View Real EstateMore Info
815-748-4663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.