12 Unit Investment Multi-Family FOR SALE


Rockford, IL - East Rockford
$1,399,000 USD
815-703-6677
, Rockford, IL for Sale
$1,399,000 USD
Multi-Family - FOR SALE
1/28
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12 Unit Investment
Rockford, IL
East Rockford


HIGHLIGHTS

  • Rare opportunity to acquire a stabilized, income-producing 12-unit multi-family portfolio.
  • PBV (Project Based Voucher) in place, ensuring reliable income streams. The buildings have the voucher, versus the tenants.
  • Excellent hedge against market volatility with guaranteed government-backed rents,

OVERVIEW

Seize the rare chance to acquire a stabilized, income-producing 12-unit multi-family portfolio strategically located across the city. This package features a mix of unit styles and property types, offering both immediate rental income and long-term appreciation potential. Each property is fully leased, with strong rental demand in established neighborhoods. The portfolio are units in the Project-Based Voucher Program, providing guaranteed rental income backed by housing authority contracts -- ideal for investors seeking stability and reduced vacancy risk for 15 years. Highlights: 12 Total Units - Sold together as one portfolio package = 8 buildings Strong Occupancy streams. The buildings have the voucher, versus the tenants Diverse Locations - Properties situated across multiple high-demand city neighborhoods Upside Potential - Opportunity for rent growth, value-add upgrades, or future repositioning Financials: Detailed rent rolls and expense reports available. Please contact broker. Excellent hedge against market volatility with guaranteed government-backed rents This is a rare portfolio acquisition opportunity offering both security and growth. Whether you're a seasoned investor or expanding your holdings, this package delivers a balanced mix of stability, income, and long-term potential. Property Addresses and PINs are below: 3112 Guilford Rd (12-19-210-002) 1324 Evelyn St (11-14-327-013) 4230 O'Connell St (16-05-326-005) 1031 Emerson Dr (12-29-351-014) 2023 Ridge Ave (11-14-129-004) 716 Hawthorne Ave (12-30-428-003) 1911 Carney Ave (11-14-132-004) 4151 Eastridge Dr. (12-20-377-009) PBV Benefits for Property Owners Guaranteed Rent Payments: Portion of rent is paid directly by the housing authority every month, reducing financial risk. Reduced Vacancy Risk: RHAs maintain a waiting list of eligible tenants. Voucher stays with the house, not the tenant. Long-Term Income Security: Currently has 14 years remaining. It's an extension of a completed 10-year contract. Reputation and Compliance: PBVs are often associated with well-maintained properties. EM held by Gambino. Must have Prequal or proof of funds. These units are fully occupied properties and sold as a package. Need more than 24-hours notice to show.

ASK ABOUT THIS PROPERTY

Thomas EwingGambino Realtors - Commercial DivisionMore Info
815-703-6677

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Thomas EwingGambino Realtors - Commercial DivisionMore Info
815-703-6677

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.