13014 Bermuda Grass Court
Property Description
Exceptional investment opportunity in the heart of Breese, Illinois! This well-maintained duplex at 13012 & 13014 Bermuda Grass Court offers two identical mirror units tucked at the end of a quiet cul-de-sac - offering privacy, low traffic, and strong tenant appeal. Each unit features 2 bedrooms, 1 full bathroom, an oversized XL laundry room, and a full basement - a rare find at this price point that tenants love and that drives long-term occupancy. Both units are currently occupied and cash flowing, with rents currently below market at $1,000/month per side - while comparable properties in the area are commanding $1,400/month. That's $800/month in immediate upside waiting to be captured at the next lease renewal, adding over $9,600 to your annual gross income without lifting a finger. A brand new roof was installed in 2023, meaning virtually no near-term capital expenditure - your money goes to work from day one. The property has been meticulously maintained and professionally managed, with pride of ownership evident throughout. Tenants pay all utilities, eliminating one of the most unpredictable ownership expenses and keeping your net income clean and predictable. The numbers work: at current rents the property generates $24,000/year in gross income with a 6.72% cap rate - and at market rents that jumps to $33,600/year with a cap rate pushing past 9%. Whether you're a first-time investor looking for a turnkey entry point or a seasoned operator adding a low-maintenance, income-producing asset to your portfolio, this property checks every box. Priced at $299,000. Call today - opportunities like this don't last.
Broker Details
Real Broker, LLC (855) 450-0442
MLS ID: DREVERMA State License Number: 475.179348
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $299,000 |
| Year Built: | 2003 |
| Lot Size: | 2,228.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-MARISMO-26049416
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