1050 E Clinton Avenue

Description

100% OCCUPANCY! Here is a sound investment, which will profit in any economy. This newly renovated 19 unit apartment building has close proximity to Highway 60, but is set back from East Clinton Ave, providing some privacy. With the remodel finished, this property is currently being rented and will fill up quickly. Each room is OACAC approved. The rents are set low at $575 and easily have room to be raised. The owner pays utilities, with each unit averaging roughly $80. All the hard work has been completed including a new metal roof, fresh interior/exterior paint, new appliances, shower hardware, bathroom vanities, new flooring, new light fixtures, electrical upgrades, and a new commercial hot water heater. The property offers a beautiful grass area in the front, with large shade trees. Ample parking, with room to grow if one wanted to expand on the neighboring commercial lot (MLS # 60239253). This location is set to grow and only several hundred yards away there is a new roundabout proposed, which could bring more visibility and business to this area. This investment is recession proof, but will bring in significant cashflow regardless of the real estate and economic cycle.