Multifamily For Sale

557-559 Ashland Ave
Aurora, IL 60505


TYPE: Multifamily
UNITS: 12
ACRES: 0.85
BUILT: 1980
PARKING: 24
OCCUPANCY: 100%
GROSS INCOME: $124830
NOI: $77958
CAP RATE: 9.8%
PRICE: $795000

Highlights


  • Fully occupied
  • Busy local rental market
  • All two-bedrooms
  • All electric building, tenants pay heat

Description


Fully occupied 12-unit apartment building for sale on Aurora's SE side. 12 2Bd/1Bth apartment homes with laundry facility, balconies. All-electric building, tenants pay separately metered heat, hot water, and electricity. Situated on a 0.85 acre lot with 24 off-street parking spaces. Ideally located near East Aurora High School, Dietrich Elementary Near Mastodon Lake, Phillips Park Zoo, and Family Aquatic Center.

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