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

View FullscreenMap

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

Contact

Photograph of Listing Agent

Brian Borchardt

A-1 Agency ICEx Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Northern Illinois Commercial Association of Realtors (NICAR) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.