122 E State ST new Save Request In-Person Tour Request Virtual Tour
North Aurora,IL 60542
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12388979
Bedrooms 4
Maintenance Fees $800
Year Built 1958
Annual Tax Amount $6,926
Tax Year 2023
Lot Size 8,276 Sqft
Property Sub-Type Two to Four Units
Property Description
Great opportunity to purchase a strong cash flowing 4 flat in North Aurora that is directly east of the North Aurora Riverfront Park. Quiet secluded street with all one bedrooms. New roof (2024), new water heater (2024), and new furnace/ electric panels. Property could use new parking lot and units could be updated down the road further to boost rents more. However property still operates around an 8.7 CAP currently. Rents at ~59k of income with last unit rented at $1500. Room to grow rents to 6k a month or 72k. All units heated by one furnace. Tenants pay own electric. Improve the rents by upgrading 2 mtm units. Great return day one! Perfect first investment or expand an existing portfolio in North Aurora.
Location
State IL
County Kane
Area North Aurora
Interior
Heating Natural Gas,Forced Air
Exterior
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Vinyl Siding, No
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Schneider Elementary School
Middle Schools Herget Middle School
High Schools West Aurora High School
School District 129 ,129, 129
Others
Special Listing Condition None