Property Overview
Interra Realty has been exclusively engaged to market the 8601-8605 Shagbark Ct in the most sought out after Southwest Suburban neighborhood, Orland Park. The building consists of twelve (12) units comprised of ten (10) two-bedroom apartments and two (2) one-bedroom apartments.
Four of the apartments have been updated including flooring, countertops, cabinetry and bathroom vanities. The building is heated by hot water baseboard heat and cooled through wall sleeve a/c units. Major Capital Improvement consists of a complete tear-off roof in 2024.
Qualified investors have an opportunity to acquire a well-maintained asset with the ability to increase rents in as-is condition to achieve a 13% cash on cash return.
Highlights
- Most Sought Out Neighborhood in The Southwest Suburbs
- Attractive Unit Mix (Majority 2 bedroom Apartments)
- 13% Cash on Cash Return, Post Rental Increase As-Is
- Complete Tear-Off Roof 2024
Key Details
Sale Price
$1,850,000
Number of Units
Twelve (12)
Submarket
Orland Park