- Investment For Sale
- 1600 North Avenue, Crystal Lake, IL 60014.
- Price: $1,699,900
Income Producing Residential Units
16 Residential income producing units consisting of (5) single family homes, (4) duplexes, (1) Triplex, plus a separately leasable garage with office – used as a car dealership. Zoning is B-1. Buildings are all considered legal non-conforming, (2) wells, (6) septic tanks, (3) lift stations. Several of the units have been completely rehabbed. ($185K in capital improvements in the last 3 years)
7.8% CAP rate. Proforma CAP rate is 8.7% bringing rents on certain units to market. Contact broker for rent roll and operating statement.