Listed by Brinkoetter Realtors
$1,000,000
18 Unit Income-Producing SFH Package in Decatur, IL
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 15
Cap Rate 16.00%
Occupancy 66%
Broker Co-Op Yes
Class D
Year Built 1955
Buildings 15
Zoning MUN
Investment Type Value Add
Ownership Six Investment
Stable investment with Value-Add by Increasing Rents & Occupancy
Marketing description
Investors if you are looking for immediate cash flow, here is an exceptional opportunity to acquire a diversified portfolio of 15 residential homes. This package includes well maintained homes with 8 properties currently rented with Section 8 tenants. Package includes - 2104 E Cantrell (Four Units), 1230 E Cantrell, 1987 E Cantrell, 525 W Macon (Two Units), 125 N Dunham, 1637 E Prairie, 1616 E Division, 1199 W King, 1744 E Division, 1859 E William, 2112 E Clay, 32 Ridgecrest, 535 S 22nd Pl, 11 7th DR, 748 W Main. Current $15,576 GI / Month
Investment highlights
- 10/15 Rented
- 8 Section8 Properties
Listing Contacts
Listed by Brinkoetter Realtors
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