Listing Description
A fantastic opportunity to own a portfolio of nine (9) condos located between two buildings in West Ridge. A new owner will have a 7.90% CAP rate on current #'s and the potential to unlock a 9.58% CAP rate. The portfolio boasts an attractive unit mix of spacious 2-Bed and 3-Bed units. Four (4) units are located in a s-shaped courtyard building at 2338-44 W. Granville / 6200-04 N. Claremont Ave. comprised of 19 total condominium units. The other five (5) units are located at 2618-20 W. Rosemont / 6301-05 N. Talman Ave. which contains 14 condominium units in total. Both properties were completely gut renovated while being converted to condos during 2006-2008. The buildings were torn down to the supporting walls. Everything was rebuilt at this time including all new: floor plans, electrical, plumbing, HVAC, roof, windows, flooring, kitchens, baths, in unit W/D, etc. Both buildings are professionally managed with healthy reserves.