$379,900

This investment opportunity presents an attractive 8% cap rate at the list price with a reliable, long-term tenant in place! These adjoining business condos, with separate PIN numbers, offer a unique investment opportunity. The building features contemporary construction and a homeowners association responsible for landscaping, snow removal, and exterior upkeep. Interior maintenance and HOA fees fall under tenant responsibility, leaving investor-owners with peace of mind. These adjoining units have been recently updated and include an open workspace, along with multiple private offices with eye-catching finishes, 2 bathrooms, a kitchenette and storage space. The location is exceptional, situated in downtown South Elgin, close to new luxury apartments, an amphitheater, splash pad, parks, the river, and bike/walking trails, making it highly marketable and a desirable location for retail or office space. For those looking for an opportunity to expand, there is potential for an assemblage with an adjacent contiguous unit offering an additional 1240 square feet. This neighboring unit is also leased to a long-term tenant and offers a nearly 8% cap rate at the list price. You can find more details in MLS #11914031. Please contact us for a confidential rent roll.