Thursday, January 5, 2012

Turn Key Investment..Just collect rents…Carpe Diem. Perfect for 1031 Exchange or New Years gift!



2011 was a difficult year for countless retail investors, money managers, hedge funds and just about everyone trading in the global markets. The S&P 500 Index returned a paltry 2.1% (counting dividends) and market volatility and economic uncertainty drove investors into U.S. Treasuries despite record low yields. And yet, this charming package of 3 bldgs and 27 units  yields a Total Return of over 8%

Turn Key Investment..Just collect rents…Carpe Diem. Perfect for 1031 Exchange or New Years gift!








          


FULLY LEASED Tenant Heated...  3 bldgs(27 units) in Bridgeport.
3225 S. May($1197775.10 unit) 3157 S. Racine($925775.12 units + penthouse) and 3247 S. May. ($469,700.5 unit can be deconverted back to 6)

All within a block of each other(12 units/5 units/10 units). Most of the units have been upgraded in the last 5 years. In addition, new windows/roofs and w/d….Asking price is $2.5m but also sold individually.. Cap rate based on actual numbers@ ask price is 8%.+.(Cant do that in the stock mkt!).

 Email rgoldstein@rubloff.com for more info and attached is  financial package

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Ron Goldstein, MBA
Transnational Referral Certified(TRC)
Quality Service Certified(QSC)
Broker Associate
Prudential RUBLOFF Real Estate
office(312)264-5846
rgoldstein@rubloff.com
Carpe Diem(Seize the Day!) Today is your day!...
Certified Eco-Broker
www.chicagoluxuryrealty.com
Check out my blog@
http://www.carpediemrealestate.blogspot.com
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