24 UNIT OFFICE BUILDING WITH A 10.6% CAP RATE. 3 FLOORS AND 8 UNITS EACH FLOOR. ALL UNITS 600 S/F WITH HALF BATH. OFFICE BUILDING WITH PARKING LOT. 22,000 S/F LOT AND BUILDING. THESE FIGURES ARE ACTUAL: NET MONTHLY INCOME $8657.02 (4 vacancy's there is no projected income in these figures): EXPENSES: ALL MONTHLY..$600 ELECTRIC, $180 WATER, $700 CLEANING, $120 TRASH, LANDSCAPING $120, SNOW REMOVAL $250 ON SITE PROPERTY MANAGER $800.00/MONTH LOW TAXES $23,316.32 $1943.02 MONTH. TOTAL EXPENSES WITH TAXES AND PROPERTY MANAGER $5089.98/MONTHLY NET INCOME $7432.91 GROSS ANNUAL INCOME $149374.68 ANNUAL EXPENSES $61,080.32 NET ANNUAL INCOME $90094.92 THE VILLAGE IS OPEN TO A CONDO CONVERSION AND A POTENTIAL TIF SHOULD SOMEONE CHOOSE TO CONVERT.
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1010 Rohlwing Road,
Elk Grove Village, IL 60007 | Phone: (312) 615-0530 |