604-620 E Grant Highway
Property Description
**Exceptional Investment Opportunity!** This 100% occupied apartment complex offers stable performance, a strong base of long-term tenants, and substantial upside for future income growth. The property consists of two garden-style, two-story buildings totaling 48 units, including 36 two-bedroom apartments and 12 one-bedroom apartments, each with separate utilities. Major capital improvements include a newer roof (2019), new windows, patio doors, siding, gutters, and fascia (2023), along with new front entrance doors (2026). The laundry room has also been completely remodeled and offers the capacity to install six new washers and dryers. Current income does not include any laundry revenue, creating an immediate opportunity to generate an additional income stream once the machines become operational. Additional features include 85 paved parking spaces and excellent potential for a future condominium conversion. With full occupancy, valuable recent improvements, multiple opportunities to increase revenue, and returns that stand out in today's market, this exceptional income-producing asset is truly an investor's dream. Don't miss this rare opportunity to acquire a well-positioned multifamily property with significant growth potential!
Broker Details
TARABEIN INC. D/BA RE/MAX AT HOME 847-255-1000
MLS ID: 82783 State License Number: 471008459
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,999,970 |
| No. of Units: | 48 |
| Year Built: | 1978 |
| Opportunity Zone: | No |
| Price per unit: | $145,833 |
| Property Website | Click Here |
| Number of Bedrooms: | 84 |
| Number of Bathrooms: | 48 |
ID: 3yd-MREDIL-12443014
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