Listed by: Infiniti Properties, Inc.
Multi-tenant mixed used investment property with 8 retail rental units and 12 one-bedroom apartments, located at the corner of Farnsworth and Indian Trail. All tenants are on Month-to-Month rental basis. High traffic intersection. Taxes are $40,584/yr, Rental income is $258,240/yr. Cap Rate is 6.89%. Net Income is $199,801. SELLER FINANCING available with 25% down. Newest improvements (2023) include: * Asphalt repair * Underground electrical cables replacement * Roof Repair * New stairs * New electronic panels Busy southeast corner of Indian Trail and Farnsworth, strategically located next to McDonalds and across the street from Walgreens. N. Farnsworth sees 28,800 vehicles per day, and E. Indian Trail sees 14,400.
© 2024 Midwest Real Estate Data, LLC (MRED). The listing information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MTP or MRED. Listings courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID as of Thursday, September 12th, 2024 at 09:55:52 AM. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties displayed may be listed or sold by various participants in the MLS as established by the applicable MLS Governing Documents. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data services provided by IDX Broker
Price: | $2,900,000 |
Address: | 1187 N Farnsworth Avenue |
City: | Aurora |
County: | Kane |
State: | Illinois |
MLS: | 11961705 |
mrdMc: | Active |
mrdAag: | 26-35 Years |
mrdApt: | 12 |
mrdB78: | no |
mrdEls: | Owner Projection |
mrdEpy: | 2023 |
mrdFpr: | Fire Extinguisher/s |
mrdFus: | Owner Projection |
mrdGrm: | 11.2 |
mrdHvt: | Forced Air |
mrdIdx: | Y |
mrdIss: | Owner Projection |
mrdNoy: | 2023 |
mrdOes: | Owner Projection |
mrdScs: | Owner Projection |
mrdSmi: | 21520 |
mrdSto: | 8 |
mrdTen: | 20 |
caprate: | 6.89 |
mrdInfo: | 24-Hr Notice Required,No Sign on Property |
stories: | 2 |
taxyear: | 2022 |
mrdLocat: | Mixed Use Area,Public Transport Avail |
mlsstatus: | Active |
currentUse: | Commercial |
tenantpays: | Varies by Tenant |
grossincome: | 258240 |
mrdBoardnum: | 10 |
mrdDoccount: | 1 |
actualStatus: | Active |
mlsareamajor: | Aurora / Eola |
otherexpense: | 3257 |
trashexpense: | 4140 |
electricexpense: | 797 |
taxannualamount: | 40584 |
insuranceexpense: | 9660 |
operatingexpense: | 58438 |
lotsizedimensions: | 136X211 |
lotsizesquarefeet: | 39204 |
netoperatingincome: | 199801 |
numberofunitstotal: | 20 |
allowedUseCaseGroups: | IDX |
grossscheduledincome: | 258240 |