Tremendous opportunity to own a seven unit apartment building with gorgeous vintage features and very strong cash flow in a location that's just blocks from the historic and picturesque Woodstock Town Square. This building is always easy to rent due to its convenience to the center of town and easy access to the Metra stop. The unit mix of (4) large two bedroom units and (3) one bedroom units fall within a very desirable rental range. Plus the tenants pay their own heat! The Woodstock Town Square area is undergoing major public and private investment and the desirability of living in this location will grow dramatically over the next few years, greatly boosting its future value from both a rental and investment standpoint. This building is already attractively priced at a 7 CAP, so that all of the growth over the next few years will be pure gravy.
MLS# | 12198220 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 1912 |
Days On Site | 102 |
Listing Provided By | Keller Williams Success Realty | Tyler Lewke |
Story(s) | 2 |
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Units | 7 |
Zoning | OTHER |
State | IL |
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County | McHenry |
City | Woodstock |
Zip Code | 60098 |
Area | Bull Valley | Greenwood | Woodstock |
Listing VS Median (in 60098) | |
Price: $699,000 low | high Med: $362,000 On Site: 102 low | high Med: 17.000000 |