Sold
Address
413 Kiowa Drive, Naperville, IL
Price
$ 1,350,000
Property Attributes
  • MLS#11729641
  • TypeMulti-Family
  • CountyDU PAGE
  • CityNaperville
  • Zip60565
  • Style
  • Price$ 1,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.17 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

*Multiple offers received, calling for highest and best on Wed. (3/8) at 6pm.* RARELY available! An investor's dream! Loaded with upgrades, this 8-flat provides the perfect investment opportunity! FULLY rented- owner has long-time tenants so they did not raise the rent, suggested gross rental income shown next. PROJECTION: BASED ON RECENT RENTAL DATA, TOTAL GROSS RENTAL INCOME COULD BE $148,800. Pictures show the 2 bed 2 bath unit and 2 bed 1 bath unit. Upgrades include: roof replaced in 2021 w/ air vents (incl. dryer & exhaust vent), new water heater in 2021, new gutters & downspouts in fall 2022, and replaced kitchen cabinets in all apartments. The sprinkler system is new w/ upgraded radio paneling, this includes 24/7 monitoring, and a replaced dry pipe line in the garage. The radio paneling connects directly to the Naperville fire department for maximum safety. Additionally, there is a covered garage w/ each tenant getting an assigned parking spot for their unit. The building has its own laundry, as well as storage being provided for each unit for optimal comfort. All units have 2 bedrooms, 4 have granite countertops, and new water efficient toilets as well. Needless to say, this building has had an attentive, hands-on owner who has taken great care of it, but it will be sold AS-IS. Fantastic location! Close to shopping, 10 minutes to downtown Naperville, close to I-55. Don't miss this great investment opportunity!

Price History

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60565

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