The Strength of Teamwork...The Reputation for Results!
Courtesy of: Century 21 Affiliated
Purchase Type: Sale
MLS ID: MRD11241089
Year Build: 1980
Property Type: Multi Family 5+
Exterior: Vinyl Siding,Brick
Swimming Pool: No
Address: 15812 Orlan Brook Drive
City: Orland Park
Neighborhood: Orland Park
Property Taxes: $14,300
Tax Year: 2020
10/9 offer verbally accepted, paperwork pending. Beautiful, well maintained, 6 flat building with 4 car detached garage and 10 exterior parking spaces. Check the LOW taxes and HIGH net income compared to other buildings. Plus, some rents are low due to long term tenants so rental potential can be even higher! Amazing owners unit features 3 bedrooms, 2 full baths, remodeled kitchen with maple cabinets, stainless steel appliances, hardwood floors, walk in closet, formal dining, full private master bath and huge BASEMENT with laundry capabilities giving private laundry possible, strictly for the owners unit. There's also four-2 bedroom units and one-1 bedroom unit. 3 fireplaces for decor only. The 3 bedroom tenant has been there over 20 years so rent is very low. Building passed Orland Park building inspection April/May 2021. All 6 units have leases. Tremendous income present plus approximately $2,400/yr income from common laundry. Four caged storage areas in laundry room. HOA fees are $1,000 per year and includes cutting the common grass areas, snow removal and parking lot maintenance. Small area of grass for each owner to cut themselves or have your long term tenants cut it in exchange for small rent concession. Each apartment has 2 wall air conditioning units. Tenant pays their own electric, phone and cable. Owner pays gas, water, sewer, garbage removal. Hot water (healthy) heat. Water expenses include sewer and garbage removal. Nicely landscaped, beautifully kept building with long term tenants who take pride in how they keep their apartments. Fire extinguisher in each apartment plus 2 in the common hallway. Expenses are actual, not estimated so the net income of $50K+ is accurate. This building has potential $60K/yr NET income after expenses if rents were are current market amount. Blinds included, curtains & drapes excluded. 24-48 hour notice needed as listing agent has to meet you. Strong, Pre-Approval or proof of funds should be obtained before setting an appointment to show. NO owner financing.
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