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Multifamily

365 E Rimini Ct

365 E Rimini Ct, Palatine, IL 60067

Listing Price: $995,000

Cap Rate
6.81%
Number of Units
6
GRM
8.61
Price/Unit
$165,833
Price/Gross SF
$191.94
Gross SF
5,184

Investment Overview

Marcus & Millichap is pleased to present this six-unit apartment property located at 365 East Rimini Court in Palatine, Illinois.

Built in 1984, the building is comprised of six two-bedroom / one-bathroom units, measuring approximately 864 square feet each. The building is a part of Mission Creek Condominium Association and features patios or balconies for each unit, ample off-street parking, designated tenant storage, an on-site laundry facility, a courtyard and a pond. The property is tenant heated.

This investment offers an investor the opportunity to acquire a well-maintained, turn-key asset in a desirable Palatine location, with recent capital improvements.

Investment Highlights

  • All Two-Bedroom Units, Patios or Balconies for Each Unit, and Tenant Heated
  • Ample Off-Street Parking, Designated Tenant Storage, On-Site Laundry Facility, Brand New Water Heater, a Courtyard and a Pond
  • A Part of Mission Creek Condominium Association, Turn-Key Asset, and Recent Capital Improvements
  • Forced Air Heat and Air Conditioning: All Individual Furnaces and Air Conditioning Condensers have been Replaced Within the Last 10 Years with Half of Them Updated in the Last Three Years
  • Easy Access to Route 12, Route 14, Route 53 and Route 68 and One and One-Half Miles to Palatine Metra Station
  • Close Proximity to Retail Options and Dining Options including Mariano's, Walmart, Wendy's and Starbucks
  • Close to Palatine Library, Palatine High School, Lincoln Elementary School, and Ashwood Park
  • Average Household Income within One Mile is $133,132

Exclusively Listed By

Multifamily

365 E Rimini Ct

Listing Price: $995,000

Cap Rate
6.81%
Number of Units
6
GRM
8.61
Price/Unit
$165,833
Price/Gross SF
$191.94
Gross SF
5,184

Investment Highlights

  • All Two-Bedroom Units, Patios or Balconies for Each Unit, and Tenant Heated
  • Ample Off-Street Parking, Designated Tenant Storage, On-Site Laundry Facility, Brand New Water Heater, a Courtyard and a Pond
  • A Part of Mission Creek Condominium Association, Turn-Key Asset, and Recent Capital Improvements
  • Forced Air Heat and Air Conditioning: All Individual Furnaces and Air Conditioning Condensers have been Replaced Within the Last 10 Years with Half of Them Updated in the Last Three Years
  • Easy Access to Route 12, Route 14, Route 53 and Route 68 and One and One-Half Miles to Palatine Metra Station
  • Close Proximity to Retail Options and Dining Options including Mariano's, Walmart, Wendy's and Starbucks
  • Close to Palatine Library, Palatine High School, Lincoln Elementary School, and Ashwood Park
  • Average Household Income within One Mile is $133,132

Investment Overview

Marcus & Millichap is pleased to present this six-unit apartment property located at 365 East Rimini Court in Palatine, Illinois. Built in 1984, the building is comprised of six two-bedroom / one-bathroom units, measuring approximately 864 square feet each. The building is a part of Mission Creek Condominium Association and features patios or balconies for each unit, ample off-street parking, designated tenant storage, an on-site laundry facility, a courtyard and a pond. The property is tenant heated. This investment offers an investor the opportunity to acquire a well-maintained, turn-key asset in a desirable Palatine location, with recent capital improvements.

Exclusively Listed By

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