Midwest 24 Unit Multifamily Portfolio
Call For Address and Location Details
$75,000 Per Unit
** Buyer's Premium Waived
In Place NOI
Target CAP Rate
Today's Market Value
Target Purchase Price
Market CAP Rate
Value w/Market Rents
Cost Per Unit
Purchase at target price with 25% down payment. Upon purchase raise rents to appropriate levels. 2 Bed market rents are well over $1,000 in the area. Current seller has been slow and inefficient on rental increases. Refinance and pull cash out based on higher value of the property.
About The Property
An exceptional brown brick building located across the street from new construction, parks, and golf courses. The building features spacious two-bedroom apartments. The building is 3 stories with laundry on each floor. All tenants are separately metered for gas and electric. Owner is responsible for common areas.
About The Neighborhood
Blue Island is a C+ Neighborhood that borders Chicago. Demand for multi family real estate is high is in this area due to a relatively affordable price per unit acquisition opportunity. The rental market is strong with high demand and low inventory.
Blue Island borders two major highways (294 and 55) making it an ideal location for commerce and business. This provides for stable employment opportunities for residents and new tenants.
Citipoint conducts a thorough document review on every property. For access to more documents such as leases, inspection reports, warranties, etc please fill out our Document Request Form.
Rents, expirations, security deposits, balances and more.
Utility expense, services, insurance, taxes, and more.
Who pays what - Landlord Vs. Tenant
Comparable multi family properties that have sold in the area.
Comparable multi family units that have been rented in the area.
Market report showing trends and insights.
Purchase Price of Property
This column shows the current financial state of the subject property. These inputs are factual and they are based on verified information.
Year 2 Pro Forma
This column is based on a stabilized condition of the subject property. These inputs assume proper property performance by using our investment suggestions (proper management, bringing rents up to market rate, vacancy absorption, etc).
This column allows the user to add custom financing scenarios.
View the return metrics based on various inputs.
"Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
Year by Year Property Data
Remaining Loan Balance
Debt Service Coverage Ratio
Cumulative Net Cash Flow
Total Equity (Includes Net Cash Flows)
Learn how Citipoint can scale your real estate business.
Deal Flow - Learn how we source properties.
Management - Competitive rates and unparalleled service.
Value Add - Assistance with Lease Up, Construction, and Accelerated Appreciation.
Financing - Direct access to preferred lenders for Acquisition and Refinance options.