Description
High cash flow, multi-family investment opportunity in Marengo, IL. This ten (10) unit apartment building offers a strong rental history and low maintenance investment. Currently self-managed, this apartment building consistently returns 100% occupancy. The brick & block building is very low maintenance and requires very little management. All utilities are separate and the landlord only pays RE Taxes & water. Tenants pay the electric - there is no natural gas utilized in the property. Situated in downtown Marengo, the building is within walking distance to restaurants, banks, bars and other conveniences. There is no on-site parking however there is a municipal lot immediately to the north of the property. There is also a laundromat immediately to the north of the subject site. Excellent cash flow building with low maintenance requirements. Very little to do regarding lawn care and snow removal.
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
High cash flow, multi-family investment opportunity in Marengo, IL. This ten (10) unit apartment building offers a strong rental history and low maintenance investment. Currently self-managed, this apartment building consistently returns 100% occupancy. The brick & block building is very low maintenance and requires very little management. All utilities are separate and the landlord only pays RE Taxes & water. Tenants pay the electric - there is no natural gas utilized in the property. Situated in downtown Marengo, the building is within walking distance to restaurants, banks, bars and other conveniences. There is no on-site parking however there is a municipal lot immediately to the north of the property. There is also a laundromat immediately to the north of the subject site. Excellent cash flow building with low maintenance requirements. Very little to do regarding lawn care and snow removal.
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