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SALE LEASEBACK · 2 YEAR LEASE IN PLACE · SUBTO 2.75% LOAN · 50K IN · MAPLE PARK IL Walnut Ave, Maple Park, IL 60151
PURCHASE PRICE:
$320,000
Net to Seller
ARV 389K+ Depending on Scope of Work
DEAL STRUCTURE:
No bank qualifying. Take it over subject to (keep the seller's existing loan in place).
Cash to close: 50K
1st Mortgage: about 243K at 2.75%, PITI 2,690
2nd: HUD lien about 28K at 0% interest
Lease back to seller: 24 months at 2,890/mo year 1 and 2,990/mo year 2
Seller option to buy back at 359K
Est. net profit 67,348 | 134.5% return on cash over 24 months (67.3% annualized) | 2.35x equity multiple
PROPERTY TYPE: Single Family Residential
ROOMS: 4 BD / 2 BA
SQFT: 3,226 plus 1,408 unfinished basement
LOT: 10,107 | 0.23 Acres
YEAR BUILT: 2006
PARCEL: Kane County 07-31-180-024
CALL FOR ACCESS: Seller occupied, showings by appointment
TERMS: Cash at COE | Subject To | Buyer pays all closing costs | COE by November 20, 2026
DETAILS:
This is a turnkey cash flow position on a 2006 build in Maple Park, Kane County. The seller stays in the home and leases it back for 24 months at 2,890 a month in year 1 and 2,990 a month in year 2. That covers the 2,690 PITI on the existing 2.75% first mortgage, and the HUD second carries 0% interest. The seller is not in foreclosure and earns about 100K a year. At the end of the lease the seller can buy it back at 359K or sell it for more. If they don't, you hold a 3,226 sqft home with a low rate loan already in place. Inside you'll find 4 bedrooms, 2 baths, and a kitchen with an island and dark wood cabinets. The primary suite has a walk-in shower, a soaking tub, and a double vanity. The full 1,408 sqft basement is unfinished. HOA is about 250 a year. Buyer to perform own due diligence.
Disclaimer: Offered as an assignment of the contract (equitable interest). Buyer to verify all information including square footage, lot size, room count, zoning, lease terms and tenant rights, loan balances and terms, due on sale risk, utility connections, permitting, mechanical systems, and property condition prior to closing.
CALL or TEXT FOR MORE INFO
(623) 283 2623
COMPARABLE SALES:
Settlement Dr | Sold 300,500 (Single Family | 3,160 sqft | Maple Park 60151)
(623) 283-2623
[email protected]
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TERMS OF THE SALE
REALTORS ADD YOUR FEE
THIS IS AN OFF MARKET WHOLESALE PROPERTY, NOT A POCKET LISTING. THERE IS NO REALTOR OR BROKER AGENCY REPRESENTATION EITHER EXPRESSED OR IMPLIED, BETWEEN SELLER(s), BUYER(s) and PULSE CAPITAL LLC OR ANY OF IT’S MEMBERS, DIRECTORS OR EMPLOYEES.
The Seller of this property either owns or has equitable interest in the properties marketed.
Price is NET TO SELLER based on quick closing of 10 days or less.
Buyer to Pay All closing Costs.
Seller has exclusively relied upon the information listed within the Local MLS listings, County Assessor’s office, and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property.
Buyer acknowledges and accepts that Seller makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property, and Buyer acknowledges that it has conducted its own investigation of these facts, and is purchasing the subject property based upon its own conclusions.
Buyer expressly acknowledges that it is purchasing the property in "AS IS, WHERE IS" condition.
ll properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral.
Buyer is to do their own independent due diligence. Buyer to verify all material facts including square footage.
Property will not be considered under contract until signed contract and $5,000.00 Non-Refundable Ernest money deposit is received by the title company assigned in the purchase agreement with all contingencies removed.
DISCLOSURES
PulsePropertyHub.com is a domain owned and controlled by Pulse Capital, LLC and all homes listed herein are owned or under contract by Pulse Capital, LLC.
Pulse Capital LLC is the business of acquiring properties as real estate investments and selling them or the equitable interest for a profit to the general public or other investors.
Properties are acquired through a variety of sources. All prices are net amount to seller; buyer pays all closing costs. Prices are based on a quick closing in 10 days or less. Opinion of value is given as a courtesy. our opinion is just an opinion and seller makes no guarantees or warranties, expressed or implied, as to the value or condition of the home. Properties are being sold "as-is" and "where-is". Buyer is responsible for their own due diligence. Pulse Capital, LLC may or may not currently own all of the properties listed on this site and may be marketing the equitable interest however great or small in the given properties. Some of the properties listed on this site are under contract such that the buyer is Pulse Capital, LLC. As to those properties, Pulse Capital, LLC may not be selling the subject property on this site; rather, Pulse Capital, LLC, is only selling (without any warranty or representation other than it is the buyer under the subject contract) its contract rights as buyer of such property.
One or more of the members of Pulse Capital LLC holds an active Real Estate License.
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