Do Not Let This Great Money-Making Opportunity Pass You Buy with a 7.75 Percent CAP RATE! This is a 4 Unit property with a 2-car garage, plus additional off-street parking for tenants, and oversized back yard. It has been very well maintained over the years. Currently the property makes a Very Good return on Investment with a lot of Value-Add Opportunity. 131 and 133 Saint Charles have two parcel numbers, but are being sold as a package deal and will not separate. The public records are incorrect for the property descriptions. A savvy investor would either combine the parcels into one or divide the lot differently with a possibility of reducing the property taxes by 30-40 percent based on other 4 units properties in the area. You also have enough room to tear down the garages and put up another property. Please check with township and county to verify possible redevelopment options. This investment property is priced to sell quickly and will not last long. It is Fully Occupied with current tenants on a month-to-month basis. It can be delivered occupied with new leases or vacant. 131 Saint Charles tax id: 16-13-03184-00, has R-20 Two Family Zoning and 133 Saint Charles tax id: 16-13-03184-01, has R-40 Four Family Zoning. LISTING AGENT to show all units and need at least 24 hoursâ notice. This listing information is a combination of the package when it comes to taxes, assessed value, size of lot and building.
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