604-620 E Grant Hwy Marengo, IL

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E Grant Hwy, Marengo, Home For Sale

Price: $6,999,970
Address: 604-620 E Grant Hwy
City: Marengo
State: IL
Zip:
Amenities: Parking,Patio/Deck,Storage
Bathrooms: 10+
Fee: No
Provided By: RealtyWW

Description:

Incredible Investment Opportunity! This fully occupied apartment complex features long-term tenants with current rents significantly below market value, offering substantial potential for income growth. Recent updates include a newer roof (2019) and brand-new windows and patio doors (2023). The property consists of two garden-style, two-story buildings totaling 48 units: 36 two-bedroom and 12 one-bedroom apartments, each with separate utilities. The two-bedroom units in Building 620 include in-closet washers and dryers. Additionally, there is a one-story structure between the buildings that serves as an office and storage space. With 85 paved parking spaces, this property is not only a strong rental investment but also presents an excellent condo conversion opportunity. Don't miss this chance to capitalize on a fantastic income-producing asset with significant growth potential!For more details: https://realtyww.info/homes_marengo-d526248/for-sale_i76331934

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