25 awesome properties

Multi-Family for Sale
Catylist Listing ID: 30378913
Number of Units: 26 Units
Building Size (RSF): 40,000 SF
Gross Building Area: See Agent
Sale Price: $1,014,053
Unit Price: $39,002.04 Per Unit
In Opportunity Zone? Yes
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: 9/22/2019

Overview / Comments

Magnificent portfolio of 25 properties with a 15 % pro forma return. All houses are typically rented. 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 24 single family homes ond 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
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: 9,804 26,459 31,243
Median Age: 32.41 41.62 42.58
Households: 3,923 11,357 13,309


Photograph of Listing Agent

Brian Borchardt

A-1 Agency ICEx Member
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