Mt Vernon IL Portfolio
96 Unit Residential Portfolio with a mix of Apartment, Duplex, and Single-Family Homes.
Marketing description
An exceptional opportunity to acquire a well performing 96 Unit Residential Portfolio comprised of apartment, duplex, and single-family rental homes in the Community of Mt Vernon, IL. This offering represents a strategic investment in a stable market with a strong demand for rental housing. This is a turn-key investment for an investor seeking a stable, income-producing asset with immediate cash flow and the potential for long-term appreciation in a welcoming and economically resilient community.
Investment highlights
Diverse Unit Mix: The portfolio features a mix of residential units, catering to a wide range of tenants, including local professionals and families.
Prime Location: Situated in Mt Vernon, a city with a stable economy and key local employers, the properties benefit from a steady tenant base. The properties are conveniently located near essential amenities, local businesses, and are well-connected to major roadways.
Strong Performance: With a high and stable occupancy rate, this portfolio offers a solid foundation for cash flow from day one. The current financial performance provides a clear picture of its profitability and a compelling basis for future growth.
Historic Occupancy: These units have been at 100% occupancy for years with renters who have local roots and connections.
Mt Vernon Market: The Mt Vernon real estate market is on a positive trend, with strong demand and appreciation. This portfolio is positioned to capitalize on the city's economic drivers and various local employers.
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