Multifamily For Sale

1601-1603 Reckinger Ave
Aurora IL 60505


TYPE Multifamily
UNITS 24
ACRES 1.17
BUILT 1969/1980
PARKING 56
OCCUPANCY 100%
GROSS INCOME $257496
NOI $152145
CAP RATE 9%
PRICE $1695000

Highlights


  • Desirable North Aurora Location Near Indian Trail & Farnsworth
  • Fully Occupied, Spacious Units
  • Full Basement for Storage
  • Across the Street From Elementary School & Nearby I-88 Access 

Description

Priced to Sell, As-Is. Highly sought after 24 Unit Multifamily offering consisting of two adjacent 12-unit fully occupied Apartment buildings on Aurora's North Side just North of Indian Trail minutes from I-88 at Farnsworth. Unit mix is 20 two-bedrooms and 4 one-bedroom units. With consistently high occupancy, tenant paid heat/hot water and additional income from on-site laundry facility, this offering is competitively priced at a 9% Cap Rate. Situated on 1.17 acres providing 56 off-street parking spaces

Map Overview