2116 & 2101 Williamsburg Drive

Description

Here's your chance to own two money-making 12-unit apartment buildings at 2116 & 2101 Williamsburg Dr, Waukegan, IL 60085. Located on the northwest side of Waukegan, these buildings are right across the street from each other, making them easy to manage. Both buildings are fully occupied, showing their popularity and solid history. Units have been completely renovated with new flooring, fresh window coverings, newly painted trim, walls, and cabinets, plus brand new refrigerators, ovens, and dishwashers. Recent updates include new roofs, a new water heater, new refrigerators, a new coin-operated washing machine in 2116, and both boilers were fully serviced and cleaned and every single unit is now fully updated and ready to go. The buildings bring in about $15,900 per month in rent, with a 7.5% cap rate and all units updated, this investment is fully turn-key! These buildings are a great pick for a smart investor. You can keep enjoying the high occupancy or invest a bit more to upgrade the remaining units and get even higher rents. This is a perfect opportunity to add twelve well-maintained units to your growing investment portfolio. Don't miss out on this chance to own a high-performing property in a great location. Owner also has a portfolio of 11 single family homes for sale that could potentially be packaged with this. This meticulously curated portfolio offers significant potential for increased rental income, as current rents are well below market rates. The properties are located at 1729 Victoria Ave, a 3-bed/1.5-bath home with a 1-car garage, renting for $1,350/month; 1811 Victoria Ave, a 3-bed/1-bath home renting for $1,350/month; 1824 Park Ave, a 4-bed/2-bath home renting for $1,450/month; 1825 Park Ave, a 4-bed/1.5-bath home renting for $2,500/month; 2800 Argonne Dr, a 2-bed/2-bath home with a 1-car garage, renting for $1,450/month; 1920 Prospect Ave, a 3-bed/2-bath home with a 1-car garage, renting for $1,700/month; 2020 Hervey Ave, a 3-bed/1-bath home renting for $1,450/month; 1729 Elizabeth Ave, a 5-bed/2-bath home renting for $2,500/month; 1314 Lincoln St, a 4-bed/2-bath home renting for $1,350/month; 1018 Broadway Ave, a 2-bed/1-bath home with a 1-car garage, renting for $1,365/month; and 1210 Park Ave, a 4-bed/2.5-bath home that is currently vacant and in need of rehabilitation. The total asking price for the single family portfolio in North Chicago is $3 million with a total rent of around $16,500 and taxes are $47317.