- List Price $320,000
- Price / Unit $160,000
- Property Type Two – Four Unit
- Units 2
- Current Rents $9,360
- Pro Forma Rents $34,200
- In Place NOI -$3,106
- Projected NOI $20,582
- Target CAP Rate –
- Market CAP Rate 1%
- Today's Market Value $350,000
- Value w/Market Rents $350,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- 3
- 2
- 1950
- 1900
- 50%
- 3
- 2
- Forced Air
- Window Units
3
2
1950
- 1900
- 50%
- 3
- 2
- Forced Air
- Forced Air
About the property
Investor’s Dream in Crystal Lake! This charming red exterior duplex, nestled on a perfect lot in the heart of Crystal Lake, Illinois, presents an excellent opportunity for FHA buyers or those with a conventional loan and 20% down payment. With 2 bedrooms and 1 bathrooms in each unit, this property is poised for substantial rent increases and cash flow. Its well-maintained condition and proximity to Crystal Lake’s thriving rental market make it a standout investment. Don’t miss the chance to maximize your cash flow and build wealth in this prime location! Contact us today to schedule a viewing.
About the neighbourhood
- Nestled in the heart of McHenry County, Crystal Lake, Illinois, offers a serene blend of suburban tranquility and vibrant community life. With its sparkling 230-acre lake, charming downtown, and welcoming neighborhoods, Crystal Lake provides residents with ample opportunities for outdoor activities, boutique shopping, dining, and cultural experiences. Families benefit from top-rated schools, while commuters enjoy easy access to Chicago via the Metra train station. The town's diverse real estate market caters to various preferences, making it an attractive place to call home. Crystal Lake's strong sense of community, manifested through volunteerism and neighborhood events, adds to its undeniable charm, making it an ideal place to settle down and build lasting memories.
Property Documents
Property Financials
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Walkscore
Nearby
- Arts & Entertainment
-
Primary Eye Care Centers - Crystal Lake (0.43 mi)
-
Smith Physical Therapy + Running Academy (0.45 mi)
-
Crossfit Crystal Lake (0.46 mi)
- Education
-
First Church Preschool (0.1 mi)
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Music Makers For Life (0.54 mi)
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Lightning Defense Academy (0.63 mi)
- Food
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Andy's Family (0.49 mi)
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The Freeze (0.49 mi)
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Kirin King (0.5 mi)
- Health & Medical
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Foot First Podiatry Centers (0.4 mi)
-
Gary R. Oberg, MD (0.42 mi)
-
Eugene Z Levin, DDS (0.41 mi)
Contact Information
- List Price $320,000
- Property Type Two – Four Unit
- Current Rents $9,360
- In Place NOI -$3,106
- Target CAP Rate –
- Today's Market Value $350,000
- Price / Unit $160,000
- Units 2
- Pro Forma Rents $34,200
- Projected NOI $20,582
- Market CAP Rate 1%
- Value w/Market Rents $350,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
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