Amazing investment opportunity in downtown Wauconda and perfect for 1031 exchange. This fully leased mixed-use building is available for purchase. All leases will transfer to the new owner. Many long-time tenants are in place. Located on Main St, the retail space offers 3 storefronts, along with 4 apartments above. 2 two-bedroom units and 2 one-bedroom units complete the second floor. The proven income makes this the ideal purchase for any investor. Value Add Opportunity, Cash on Cash return at 15.58% and forecasted cash on cash return of 21.21% after mark to market and washer/dryer improvement to each unit. The city of Wauconda is also offering a Facade Improvement grant to local owners for further exterior improvements. Full financials are available. Hurry, this opportunity won't last.
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