 |
         |
 |
 |
|
| Listing
Number: |
... |
050411 |
| |
Location: |
|
Western Suburb of Chicago, IL |
| |
Business
Description: |
|
Salon Suites, Investment opportunity With Property |
| |
Annual
Income: |
|
$41,532.00 (from rents) |
| |
Annual
Expenses: |
|
$10,951.00 |
| |
Annual
Mortgage: |
|
$21,790.00 |
| |
Cash Flow: |
|
$8,791.00 |
| |
|
|
Note: The mortgage payments are based on 25% down and 20 years amortization at 6.5% interest. |
| |
Purchase
Price Business: |
|
Price Property and build out cost: $349,000.00 Owner will consider offers. |
| |
Comments: |
|
The property is on 1,100 Sq .Ft. Condo unit. It is located in a shopping mall.
The owner built 4 individual suites and spent $150,000.00 in the build-out. They each have a sprinkler system. Completed in January, 2009.
All the leases are for 2 years, and the owner currently works in one of the suites. If the purchaser needs help renting the units, the owner will help secure new tenants.
The current tenants have established clients in the area. When the leases are up the owner feels confident that tenants will renew.
Each tenant is responsible for their own up-keep and cleanliness.
THE PURCHASER DOES NOT HAVE TO BE INVOLVED IN THE DAY-TO-DAY OPERATIONS OF THE SUITES. |
| |
Contact
Agent: |
|
John
Mikaelian at (847) 437-4070 |
|
|
 |
|
|
|
