$89,500
2 bedroom second floor condo at Briar Trace. Great Arlington Heights location with high rental demand. This unit has just been rented out (lease expiration 9/30/2018). Rent/Income: $1,000/M; Assessment: $262/M; Taxes: $114/M; Net Operating Income: $7,488/Y; Cap Rate: 8%; Cash On Cash (with 20% down): 15%. Great investment opportunity to build up your rental condo portfolio (2nd unit also available for sale at similar terms with lease expiration 11/30/2017 and tenant willing to stay). A true maintenance free investment.
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HOA Includes
1111 Algonquin Road, ARLINGTON HEIGHTS, IL 60005 — Cook County
IL License 475.178467 · (847) 810-8438
* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.
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