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Updated about 10 years ago on . Most recent reply

User Stats

2,188
Posts
1,911
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Wendell De Guzman
  • Investor
  • Chicago, IL
1,911
Votes |
2,188
Posts

CHICAGO - Invest $58,900 and Get a 6-Unit Building Producing $6,000/mo RENT???!!! (PARK MANOR)

Wendell De Guzman
  • Investor
  • Chicago, IL
Posted

NOPE. I am not kidding. Call me NOW at 714-270-6438 and let's DEAL.

Get this 6-unit BRICK building and use the financing of this company called CIC (Community Investment Corporation) so all you need is $58,900. You can rent each unit for $1,000/month for a total rent of $6,000/month.

CIC will give you the rest (80%) of what you need to make this building the cash cow that it should be. Get this - the interest rate CIC charges is ONLY 4.5%. Because of this superb financing, we estimate your cashflow to be around $1,900/month for a whopping 39+% cash on cash return. 

Call me NOW at 714-270-6438 and let's DEAL.

The property needs a new back porch and a new roof (all these are included in the Sales Price below). Other than that, the building is SOLID and has good bones. Below is THE CASHFLOW ANALYSIS on it:

Click here for the PICTURES.

Call me NOW at 714-270-6438 and let's DEAL.

Most Popular Reply

Account Closed
  • Investor
  • Meridian, ID
50
Votes |
133
Posts
Account Closed
  • Investor
  • Meridian, ID
Replied

It looks pretty beat up to me, like it needs much more than a new roof and back porch.

Your Repairs amount shows $0 ??

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