Listed by The Washburn Gillespie Group, eXp Realty LLC
$3,215,000
37-Door Multi-Family & Commercial Portfolio
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Units 37
Tenancy Multi
Investment Type Value Add
Multifamily | 37 Units
Marketing description
This 37-door multi-family and commercial portfolio offers investors a rare opportunity to acquire a well-managed, geographically concentrated, and operationally efficient collection of assets across Metropolis, 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.
Institutional-Quality Portfolio: 37 multi-family and commercial doors strategically located across Metropolis, 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. Well-Maintained Assets: The portfolio has been proactively maintained with consistent capital improvements and strong attention to property condition and curb appeal. 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. Strong Cash Flow Potential in Metropolis and Riverfront Long-Term Appreciation – High-demand long term and short term rental area Portfolio is managed by AppFolio cloud based platform Below market rents offer immediate upside to investors
Investment highlights
- Metropolis, Illinois, sits on the Ohio River and offers a charming small-town feel. Its major positives include highly affordable living costs, a rich outdoor recreation scene, and unique pop-culture appeal as the official hometown of Superman.
- Top Highlights and Features
- Affordability: The cost of living and housing is very low. Median home values are under $100,000, and the average commute time is just over 14 minutes.
- Superman Heritage: Fans flock to see the iconic 15-foot bronze Superman statue and visit the official Superman Museum. The city also hosts the massive annual Superman Celebration.
- Outdoor & Historical Sites: The city features Fort Massac State Park, Illinois’s very first state park, offering camping, hiking, and rich 19th-century history. The area is also home to the George Rogers Clark Discovery Trail for biking and Mermet Springs for unique freshwater scuba diving.
- Entertainment & Amenities: Residents and visitors enjoy local dining and gaming at Harrah’s Metropolis Casino on the riverfront.
- Proximity to Larger Hubs: Located directly across the river from Paducah, Kentucky, it gives residents easy access to larger city amenities while maintaining a quiet, tight-knit community feel.
- Economic Boom: Paducah and Metropolis are experiencing a major economic boom led by a $1.76 billion nuclear energy expansion.
- These multi-year investments at the historic Paducah Gaseous Diffusion Plant site are expected to add hundreds of highpaying jobs in engineering, technical trades, construction, and operations.
- Major Employers in the Local Area: Global Laser Enrichment & General Matter Worthington Enterprises Ingram Marine Group.
Listing Contacts
Listed by The Washburn Gillespie Group, eXp Realty LLC
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