$960,000
$974,900
1.5%For more information regarding the value of a property, please contact us for a free consultation.
17,637 SqFt
SOLD DATE : 01/15/2021
Key Details
Sold Price $960,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 17,637 sqft
Price per Sqft $54
MLS Listing ID 10483055
Sold Date 01/15/21
Year Built 1975
Annual Tax Amount $23,315
Tax Year 2018
Lot Size 10,454 Sqft
Lot Dimensions 120X85.97X100.86X85.91
Property Sub-Type Office/Tech
Property Description
24 UNIT OFFICE BUILDING WITH A 10.6% CAP RATE. 3 FLOORS AND 8 UNITS EACH FLOOR. ALL UNITS 600 S/F WITH HALF BATH. OFFICE BUILDING WITH PARKING LOT. 22,000 S/F LOT AND BUILDING. THESE FIGURES ARE ACTUAL: NET MONTHLY INCOME $8657.02 (4 vacancy's there is no projected income in these figures): EXPENSES: ALL MONTHLY..$600 ELECTRIC, $180 WATER, $700 CLEANING, $120 TRASH, LANDSCAPING $120, SNOW REMOVAL $250 ON SITE PROPERTY MANAGER $800.00/MONTH LOW TAXES $23,316.32 $1943.02 MONTH. TOTAL EXPENSES WITH TAXES AND PROPERTY MANAGER $5089.98/MONTHLY NET INCOME $7432.91 GROSS ANNUAL INCOME $149374.68 ANNUAL EXPENSES $61,080.32 NET ANNUAL INCOME $90094.92 THE VILLAGE IS OPEN TO A CONDO CONVERSION AND A POTENTIAL TIF SHOULD SOMEONE CHOOSE TO CONVERT.
Location
State IL
County Du Page
Area Keeneyville / Roselle
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 3
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Bought with Frank La Gambina • Earned Run Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "