Turnkey 5-Unit Investment | 10 Cap Rate | $140K+ Gross Income | 1:100 Rent-to-Price Hard-to-find combination: a fully gut-rehabbed property generating a 10 in-place cap rate in an upcoming area. The property generates over $140,000 in annual gross income and an approximately 1:100 collected-rent-to-purchase-price ratio, offering investors strong current cash flow from day one. The entire building was completely gut-rehabbed in 2022, including new electrical, plumbing, water lines, gas lines, roof, flooring, walls, kitchens, bathrooms, and appliances. The major capital improvements are already completed, minimizing deferred maintenance and near-term capital expenditure needs. All five units are currently occupied by long-term tenants, with many having renewed multiple times. The property also generates additional income from laundry. For investors, this offers an attractive combination of renovation quality, strong cash flow, stable occupancy, and future upside-without the cost and uncertainty of taking on a major rehab. Properties offering a 10 cap rate after a complete gut rehab are difficult to find. If you are looking for a cash-flowing, turnkey multifamily asset in an emerging area, contact us today for the rent roll, financials, and to schedule a private showing.

Listing Courtesy of MRED as distributed by MLS Grid of Berkshire Hathaway HomeServices Chicago



Based on information submitted to the MLS GRID as of 2026-11-03 06:39 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-03 06:39 PM UTC
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