Description

5-unit income property comprised of 2 separate buildings, featuring a desirable unit mix of (2) 3-bedroom units and (3) 2-bedroom units, along with 3 garages. Property features include copper plumbing, updated gas lines, ABS drainage for the plumbing in both buildings, updated electrical including receptacles, LED lighting fixtures, ceramic flooring throughout the units, security gates, and granite kitchen countertops. Both buildings have composition roofs with replaced roof sheathing. The property has tankless water heaters, along with separate gas meters and electrical panels. Units include in-unit laundry, with most appliances owned by the building. Fully occupied with consistent rent collection. Rents were recently increased, providing in-place income with remaining upside potential. Owner pays water and sewer. Located across from Elgin Sutton Recreation Center, the property offers a desirable setting that supports strong tenant demand. An attractive opportunity for investors seeking stable cash flow with strong in-place fundamentals.