Listed by The Washburn Gillespie Group, eXp Realty LLC
$1,979,000
18-Door Single Family Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Units 18
Multifamily | 18 Units
Marketing description
This 18-door residential 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
Investment highlights
- Institutional-Quality Portfolio: 18 residential 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 (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.
- 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
- Prime Metropolis Portfolio Location - Minutes to Downtown, 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
Listing Contacts
Listed by The Washburn Gillespie Group, eXp Realty LLC
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