Chicago South Suburbs (Markham) SFH: 21%+ Cap Rate As-Is

[Fernando Angelucci]

Hello BP!

Would you be interested in a rented ranch SFH in Markham with a 21.45% cap rate as-is, available for immediate assignment.

16207 Wolcott Ave., Markham, IL 60426

Price: $49,000

Bedrooms: 3

Baths: 1

Building Size: 912 sq. ft.

Lot Size: .19 acre corner lot

Rent: $1,208 (Voucher tenant since 3/12/2014)

Security Deposit: $500

Taxes (2016): $3,397.49

Insurance: $589.36

NOI: $10,509.15

Estimated ARV: $70,000

Details: Section 8 tenant pays all utilities. Net operating income is based on self-management. ARV is based on updating cosmetic features of the property. A couple blocks away from multiple parks, the Barack Obama Learning Academy, shops, and more.

Photos: https://www.dropbox.com/sh/bu3emtpfkmuy7ln/AACA4ZBV3w9sWzB_T1552UzTa?dl=0

Lease:https://www.dropbox.com/s/nom08kqpmv7adhm/16207%20Wolcott%20Ave.%2C%20Markham%2C%20IL%2060428%20Lease.pdf?dl=0

MLS Sold Comparables:https://www.dropbox.com/s/4qa3cfmqg3s77i0/16207%20Wolcott%20Ave.%2C%20Markham%2C%20IL%2060426%20MLS%20Sold%20Comparables.pdf?dl=0

The deal goes to the first person to sign the assignment of contract and remit the assignment fee. We will conduct a single group showing unless the property is sold before then. Please respond if you would like to be informed of the showing time. If you are a wholesaler and are interested in marketing this property, you need to ask for our explicit approval before doing so. Let us know if you have any questions or interest as this one won't last long!