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I'm thrilled to introduce an exciting investment opportunity with a quick turnaround time of 9-10 months. This gem is a rental-backed triplex, where all apartments have undergone complete upgrades, including new flooring, countertops, and paint, significantly increasing the property's value.
Here are the key details of this promising investment:
Property Type: Triplex with 2 bedrooms and 1 bathroom in each unit
Lien Position: Second lien position offering a promissory note and monthly payments to the investor
Offer: Seeking $35,000 investment with a current 20% ROI and agreed-upon monthly payments
Exit Strategy: Cash-out Refi strategy for optimal returns
Potential: Great potential for growth and increased rental income
$35,000
May 8, 2024
Property address : 7740 S Saginaw Ave, Chicago IL 60649
Property type : 2 unit brick building
Price of purchase : $120,000
ARV (after repair Value) : $425,000
Rehab budget: $147,683.17
Estimated rehab time: 12 weeks
The property is located is an area called South Shore, a very sought-after area near Lake Michigan.
$125,000
May 8, 2024
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