22 awesome properties

Multi-Family for Sale
Catylist Listing ID: 30378913
Number of Units: 22 Units
Building Size (RSF): 40,000 SF
Gross Building Area: See Agent
Sale Price: $889,406
Unit Price: $40,427.55 Per Unit
Property Use Type: Investment
Usable Size (USF): 40,000 SF
Sale Terms: Cash to Seller
Cap Rate: 13.0%
Average Occupancy Rate: 95
Last Updated: 4/1/2020

Overview / Comments

Magnificent portfolio of 22 properties with a 15 % pro forma return. All houses are rented unless listed for individual sale. This owner has hand selected these properties over the last 10-15 years, remodeled and rented. Pro forma attached. These are very nice houses with good tenants in place.There are 21 single family homes and one duplex in a superior location. This is your chance to become involved in Freeport real estate with doing all of the legwork. Hands off property management available

Additional Details

Nearest MSA: Freeport
County: Stephenson
Taxing Authority: Stephenson County IL
Tax ID/APN: 13-25-352-004
Zoning: R-1
Percent Occupied: 95%
Total Number of Buildings: 25
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,877 27,880 30,627
Median Age: 43.93 42.44 42.6
Households: 4,086 12,019 13,077

Contact

Photograph of Listing Agent

Brian Borchardt

A-1 Agency ICEx Member
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