1111 E Algonquin Rd. #16, Arlington Heights, IL 60005

2 bedroom second floor condo at Briar Trace. Great Arlington Heights location with high rental demand. This unit has just been rented out (lease expiration 9/30/2018). Rent/Income: $1,000/M; Assessment: $262/M; Taxes: $114/M; Net Operating Income: $7,488/Y; Cap Rate: 8%; Cash On Cash (with 20% down): 15%. Great investment opportunity to build up your rental condo portfolio (2nd unit also available for sale at similar terms with lease expiration 11/30/2017 and tenant willing to stay). A true maintenance free investment.