3606 Salem walk
Northbrook, IL 60062

!!The prize of Salem is now for sale!! What an opportunity to buy an absolute cash cow! The annual gross rents collected are not a typo- these 6 units collect almost 25k more than the highest sold comp to date. 5 units just updated! The building will be fully occupied as of 7/1. The asking price is less than the average gross rent multiplier for the other units sold. Perfect armchair investment for the beginner or seasoned investor! This building features 5 -2 bedrooms and 1 -1 bedroom. 5 units have been remodeled with new floors, new light fixtures, and have been completely repainted. All units have either a balcony or a patio. The property boasts a scenic lake, a pool, a tennis court and a clubhouse. Managed by an excellent association and an amazing on-site manager. All income and expenses are estimated. This building is fully leased with great tenants. AMAZING cash flow with a cap rate of 7. $73,000 annual net income. Monthly assessments $450 includes landscape, snow plowing, parking lot and scavenger.