A+ Suburb, 27 Unit Multifamily Building
1125, 1135, 1165 N Boxwood Dr. Mount Prospect, IL 60056
$107,407 Per Unit
** Inclusive of Buyer's Premium
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 20% down payment. Upon lease expirations, raise rents to market rate. Refinance and pull cash out based on higher value of the property.
About The Property
Stellar 9-unit brick building in the affluent and family-friendly community of Mt. Prospect. The property consists of (2) studios, (6) 1-beds and (2) 2-beds which are all under market rents allowing the investor the opportunity to raise rents and capitalize on forced appreciation. These units are in excellent rental condition and have been meticulously maintained over the years. A coin operated laundry allows for additional revenue and ample parking rounds out this fantastic investment property.
About The Neighborhood
Incorporated in 1917, Mt Prospect is affluent community 20 miles northwest of downtown Chicago and just 4 miles north of O’Hare International Airport. It is home to nearly 57,000 residents with major employers Cummins Allison, Rauland-Borg and CVS Caremark propping up the local economy. The downtown area has been recently renovated and the city features over 400 acres of parks and recreational facilities. It is home to multiple award winning school districts and was rated by Business Week in 2009 as “the best place to raise kids”.
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Who pays what - Landlord Vs. Tenant
Comparable multi family properties that have sold in the area.
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Market report showing trends and insights.
Purchase Price of Property
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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).
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"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)
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