ReVerb Oak Forest is a meticulously maintained 72-unit apartment complex, expertly managed to ensure the highest quality of service. Comprising two buildings, each housing 36 recently renovated 1-bedroom units, the property rests on two acres of professionally landscaped grounds, creating an inviting environment for residents. High Occupancy Rate: ReVerb Oak Forest consistently maintains a high occupancy rate, a testament to its desirability and the robust demand for quality housing in the area. This high occupancy rate ensures a reliable income stream for investors while reducing the risks associated with vacancies. Located within a short walk of the Oak Forest Central Business District, ReVerb Oak Forest offers residents proximity to a diverse array of shopping, entertainment, and dining options. The property's convenient placement is complemented by its proximity to downtown Chicago, accessible within a 30-minute drive, making it an attractive choice for those seeking urban living with convenient amenities. The tranquil surroundings of the picturesque forest preserve provide a peaceful living experience while maintaining easy access to the city's vibrant opportunities. ReVerb Oak Forest presents a compelling investment opportunity. Professionally managed and nearly fully occupied, it reflects the strong demand for high-quality housing in the area. With average rents at $1,300 per month, investors can anticipate a consistent and substantial income, with potential for future rent increases. With minimal expenses, ReVerb Oak Forest offers a low-risk investment with strong cash flow potential. In today's favorable rental market conditions, this property is an excellent choice for investors seeking a reliable income-generating asset. ReVerb Oak Forest is a professionally managed apartment complex with a consistently high occupancy rate, located in a prime area. Offering robust rental income, low expenses, and promising growth potential, this property represents a superb investment opportunity. Investors can anticipate a dependable cash flow and potential for future rent increases, making it an attractive choice for those seeking a secure and profitable real estate investment.
Based on information submitted to the MLS GRID as of 05/18/2024 04:56 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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