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| Listing
Number: |
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060411 |
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Location: |
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Western Suburb of Chicago, IL |
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Business
Description: |
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Salon Suites, Investment opportunity With Property |
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Annual
Income: |
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$55,128.00 (Rent for the hall unit) |
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Annual
Expenses: |
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$8,508.00 |
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Annual
Mortgage: |
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$29,972.00 |
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Cash Flow: |
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$16,648.00 |
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Note: The mortgage payments are based on 25% down and 20 years amortization at 6.6% interest. |
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Purchase
Price, Business & Property: |
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$475,000.00 Owner will consider offers. |
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Comments: |
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The property is on 1,100 Sq. Ft. Condo unit. It is located below a condo home development near downtown Westmont.
The owner built 4 individual suites and spent $160,000.00 in the build-out. The suite has a sprinkler system and was completed in late 2009.
He rents out the hall unit to one person who is responsible to lease the other suites. That individual is responsible for the upkeep and maintenance of the hall unit. That individual has signed through January, 2016.
THE PURCHASER DOES NOT HAVE TO BE INVOLVED IN THE DAY-TO-DAY OPERATIONS OF THE SUITES. |
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Contact
Agent: |
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John
Mikaelian at (847) 437-4070 |
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