Description
AMAZING OPPORTUNITY!! APPRAISAL CAME IN AT $1,400,000. Arlington Heights Craftsman ~ Very Rare Corner Lot 4 Unit Apartment with 4 detached garages ~ Property Appraised for $1,400,000 7/23/2023. Each Unit show as a 2 bed 1 bath Approx. 950 sqft each. All units have interior washer/dryer hook ups and separate water heaters. Upgrades include a New Roof, Exterior painting and also lead abatement for each unit was complete. This building is considered lead free as of September 2023 . This property is ready to convert the 4 car Garages into 2 ADU's. The set up for ADU's are perfect with the corner lot. This is a perfect Value Add opportunity to create great equity. The corner Lot is 7,000 sqft. with ample parking . The interior condition is in fair condition. All units have been recently abated for lead and partially painted !! The upstairs units both have balconies. There are separate gas , electrical meters and the tenants each pays their own. Long terms tenants rent are all under market value and rents can officially be raised in 2024. In the future with the value add, this can be a cash cow. All tenants are currently paying the rent on time . Live in one unit and rent the rest out . This is perfect for investors. . Priced to Sell, Property Recently Appraised for 1.4M !!!. Take a walk down 3rd Ave and see the Hollywood Sign . Prime Location , Minutes Away From Downtown!! Quick Freeway Access. This one won't last. Please Do Not Disturb Tenants. AMAZING OPPORTUNITY!! APPRAISAL CAME IN AT $1,400,000. Arlington Heights Craftsman ~ Very Rare Corner Lot 4 Unit Apartment with 4 detached garages ~ Property Appraised for $1,400,000 7/23/2023. Each Unit show as a 2 bed 1 bath Approx. 950 sqft each. All units have interior washer/dryer hook ups and separate water heaters. Upgrades include a New Roof, Exterior painting and also lead abatement for each unit was complete. This building is considered lead free as of September 2023 . This property is ready to convert the 4 car Garages into 2 ADU's. The set up for ADU's are perfect with the corner lot. This is a perfect Value Add opportunity to create great equity. The corner Lot is 7,000 sqft. with ample parking . The interior condition is in fair condition. All units have been recently abated for lead and partially painted !! The upstairs units both have balconies. There are separate gas , electrical meters and the tenants each pays their own. Long terms tenants rent are all under market value and rents can officially be raised in 2024. In the future with the value add, this can be a cash cow. All tenants are currently paying the rent on time . Live in one unit and rent the rest out . This is perfect for investors. . Priced to Sell, Property Recently Appraised for 1.4M !!!. Take a walk down 3rd Ave and see the Hollywood Sign . Prime Location , Minutes Away From Downtown!! Quick Freeway Access. This one won't last. Please Do Not Disturb Tenants.
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8BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
AMAZING OPPORTUNITY!! APPRAISAL CAME IN AT $1,400,000. Arlington Heights Craftsman ~ Very Rare Corner Lot 4 Unit Apartment with 4 detached garages ~ Property Appraised for $1,400,000 7/23/2023. Each Unit show as a 2 bed 1 bath Approx. 950 sqft each. All units have interior washer/dryer hook ups and separate water heaters. Upgrades include a New Roof, Exterior painting and also lead abatement for each unit was complete. This building is considered lead free as of September 2023 . This property is ready to convert the 4 car Garages into 2 ADU's. The set up for ADU's are perfect with the corner lot. This is a perfect Value Add opportunity to create great equity. The corner Lot is 7,000 sqft. with ample parking . The interior condition is in fair condition. All units have been recently abated for lead and partially painted !! The upstairs units both have balconies. There are separate gas , electrical meters and the tenants each pays their own. Long terms tenants rent are all under market value and rents can officially be raised in 2024. In the future with the value add, this can be a cash cow. All tenants are currently paying the rent on time . Live in one unit and rent the rest out . This is perfect for investors. . Priced to Sell, Property Recently Appraised for 1.4M !!!. Take a walk down 3rd Ave and see the Hollywood Sign . Prime Location , Minutes Away From Downtown!! Quick Freeway Access. This one won't last. Please Do Not Disturb Tenants. AMAZING OPPORTUNITY!! APPRAISAL CAME IN AT $1,400,000. Arlington Heights Craftsman ~ Very Rare Corner Lot 4 Unit Apartment with 4 detached garages ~ Property Appraised for $1,400,000 7/23/2023. Each Unit show as a 2 bed 1 bath Approx. 950 sqft each. All units have interior washer/dryer hook ups and separate water heaters. Upgrades include a New Roof, Exterior painting and also lead abatement for each unit was complete. This building is considered lead free as of September 2023 . This property is ready to convert the 4 car Garages into 2 ADU's. The set up for ADU's are perfect with the corner lot. This is a perfect Value Add opportunity to create great equity. The corner Lot is 7,000 sqft. with ample parking . The interior condition is in fair condition. All units have been recently abated for lead and partially painted !! The upstairs units both have balconies. There are separate gas , electrical meters and the tenants each pays their own. Long terms tenants rent are all under market value and rents can officially be raised in 2024. In the future with the value add, this can be a cash cow. All tenants are currently paying the rent on time . Live in one unit and rent the rest out . This is perfect for investors. . Priced to Sell, Property Recently Appraised for 1.4M !!!. Take a walk down 3rd Ave and see the Hollywood Sign . Prime Location , Minutes Away From Downtown!! Quick Freeway Access. This one won't last. Please Do Not Disturb Tenants.
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