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32262896
32262906

24 Locations For Sale

BB
IL 471004534
A-1 Agency
Listed by A-1 Agency
$2,134,700
76 days on market
Updated 70 days ago
Opportunity zone

24 property portfolio in Freeport IL

Details
Property Type Retail, Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 9,782,884
Cap Rate 10.00%
NOI $213,470
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 10.00%
Pro-Forma NOI $213,470
Buildings 21
Acreage 0.15 - 0.6
Zoning residential
Ground Lease No

100 % leased well maintained properties

Marketing description

27-Property Income Portfolio | Multiple Addresses Rare opportunity to acquire a diversified 27-property residential investment portfolio featuring a mix of duplexes and single-family rentals across multiple in-town locations. According to the property summary on page 1, the portfolio includes 707 & 709 W Elk St, 501 & 503 S Locust, 426 & 428 W Homer, plus 21 additional single-family homes, offering broad tenant diversification and consistent monthly income. The current rent roll totals approximately $22,485.75 per month, with an aggregate market value of about $1,987,000. Unit mix is primarily 2- to 4-bedroom homes, appealing to a wide range of renters. Several properties also feature recent capital improvements, including new furnaces, water heaters, plumbing upgrades, and a water softener, helping reduce near-term maintenance needs. Highlights include standout addresses such as 1511 Winter Drive, 1533 S Float, and 604 W Ringold St. This is an ideal value-add or cash-flow play for investors seeking immediate scale, built-in income, and a geographically concentrated residential portfolio with upside potential.

Investment highlights

This is a rare opportunity to acquire a well-maintained 24-property rental portfolio located in the affordable and investor-friendly market of Freeport, Illinois. The portfolio consists of 18 single-family homes and 3 duplexes (totaling 24 units), offering a balanced mix of stable residential income streams.

The properties are described as very well maintained, with many benefiting from ongoing updates, professional management, and solid tenant occupancy—making this an ideal turnkey or near-turnkey investment.

Several of the duplex assets—similar to other listings in the area—are often part of larger bundled portfolios and can be sold individually or collectively, providing flexibility for both small and large investors .

Investment Highlights

  • 24 total units: 18 single-family homes + 3 duplexes
  • Diversified asset mix reduces vacancy risk
  • Strong in-place cash flow with existing tenants (typical for portfolios in this market)
  • Well-maintained condition minimizes immediate capex
  • Scalable acquisitionowner willing to divide portfolio

Market Advantage – Freeport, IL

Freeport is known for its low entry price point, with many properties trading near or even below $100K, especially for multifamily and rental units

Listing Contacts

BB
IL 471004534
A-1 Agency
Listed by A-1 Agency

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$213,470.00
$17,789.17/mo

Valuation Metrics

0
DSCR
10%
Cap Rate
10%
ROI

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