Listed by The Washburn Gillespie Group, eXp Realty LLC
$14,800,000
133 Door Rental Portfolio
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Multifamily
Marketing description
This 133-door residential portfolio offers investors a rare opportunity to acquire a well-managed, geographically concentrated, and operationally efficient collection of assets across Paducah, Kentucky, and Metropolis and Joppa, Illinois. The portfolio combines stable in-place income with significant value-add potential, supported by strong management systems, long-term tenants, and below-market rents.
Established Tenant Base: High percentage of long-term tenants, reflecting stable occupancy, low turnover, and strong landlord-tenant relationships.
Below-Market Rents: Current rental rates are below prevailing market averages, offering immediate upside potential through rent adjustments and strategic repositioning.
Attractive Financial Metrics: Offers a competitive capitalization rate with stable cash flow and room for income growth.
Geographically Concentrated Yet Diversified: All assets are located within a short drive of one another, allowing scale efficiencies while maintaining cross-market diversification.
Scalable Platform Opportunity: Ideal for regional investors or portfolio expansion, supported by professional management systems and operational infrastructure already in place.
Investment highlights
- Institutional-Quality Portfolio: 133 residential doors strategically located across Paducah, KY, Metropolis, IL, and Joppa, IL, representing a cohesive, high-performing portfolio.
- Operational Efficiency: Many properties are clustered within the same streets or blocks, minimizing management complexity and reducing operational costs.
- Professional Management in Place: Managed through the AppFolio Property Management System, providing comprehensive digital records, transparent reporting, and a turnkey transition for new ownership (see page below for more details).
- Well-Maintained Assets: The portfolio has been proactively maintained with consistent capital improvements and strong attention to property condition and curb appeal.
Listing Contacts
Listed by The Washburn Gillespie Group, eXp Realty LLC
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