$199,900

Don't miss this armchair investment opportunity! It is almost an 8% cap rate at the list price and there is a reliable, long-term tenant in place. 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. This unit features two private offices, a large open workspace, full kitchen, private bathroom and storage room. Exceptional location situated in downtown South Elgin, close to new luxury apartments, amphitheater, splash pad, parks, the river, and bike/walking trails, making it highly marketable and a desirable location for retail or office space. Assemblage opportunity with two adjacent contiguous units offering an additional 2425 square feet, fully leased to another long-term tenant. These units are an 8 cap at the list price. See MLS #11914107. Call for a confidential rent roll.