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19-UNIT Apartment Portfolio......14% CAP RATE POTENTIAL!!! in Bloomington, Illinois For Sale

Price: $1,950,000
Type: Commercial properties, For Sale - Private.

19 Apartment Units with 14% Cap Rate Potential @ $1,950,000!
This rental portfolio consists of 19 apartments in a working-class neighborhood just East of I-95 in downtown Fort Lauderdale, Florida.
Although having been grossly mismanaged for the past 7 years, the portfolio is still performing at a 8.60% cap rate in its "as-is" condition. By making the required repairs ($40,000), filling the vacancies, raising rents to market rates, and putting professional management in place, this portfolio can perform upwards of a 14% cap rate (conservatively) within 6 month's time.
But don't take my word for it. Contact me directly for the full due diligence package and do your own homework.