95-18 42 Ave
Apartment in Elmhurst
building info
studio
1,800 ft²
$806 / ft²
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List price

$1,449,999

94
days on market
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last price change
$5,502
estimated payment
N/A
monthly taxes
N/A
monthly maintenance
Description
Current owner filed for a tax grievance with the city. A yearly tax of $35k is way too high for a 5 family building. A hearing is scheduled for Oct 14th, 2020. Seller is expecting a tax reduction of $10k to $12k based on current rentals. Cap rate of 4.49% will increase to 5.13% with a tax grievance of $10k yearly.

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History
What it'll cost
Mortgage
All cash
Purchase price
$22,000
Total monthly cost
$5,502
Down payment
Mortgage
$5,502
for
yrs
Mortgage
for
yrs
$5,502
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Information ©2020, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

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