REAL ESTATES FORUM

Joliet, IL 60436 4-unit apartment building
Cash Flowing: $730/month
After both mortgages PITI, Property management, and all utilities
paid!!
Best part these units are rented Under Market Rent.
Property is 100% occupied. With leases in tact.
3 of 4 renters have leases until Spring of 2009
1 has a lease until fall of 2008.
Rented for $595/month - Going rent is $650
Total Rent coming in Now: $2380

Total Rent if increase to Market Rent: $2600
Increasing Cash Flow To: $950/month

Take over Subject to existing financing.
This property has to be bought at 85% LTV of appreciated value within
12 - 48 months!
Appraisal from 2007: $230,000
Cash up front Needed: $21,000

Please respond directly to rcellini@gmail.com for pics etc..
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