This portfolio features 13 well-maintained properties with 28 units: 11 duplexes and 2 triplexes, located in 14621, Marketview Heights, and Mayor's Heights—all high-demand rental areas with growth potential.
Gross Annual Income: $351,060
Unit Breakdown: 28 units (11 duplexes and 2 triplexes)
Tenant Stability: Strong rent-roll with primarily long-term tenants ensuring dependable income.
Owner & Property Upgrades:
Owned and maintained by a general contractor, these properties have undergone significant capital improvements, with over $165,000 invested in the past few years.
Key upgrades include:
Vinyl windows in most properties
New water heaters in nearly all units
Newer furnaces in many properties
New carpets in many units
Recent renovations across multiple properties
Value-Add Opportunity: Many rents remain below market rates, offering potential for increased income through rent adjustments and continued upgrades.
This 12% cap rate portfolio presents a solid investment for those seeking a combination of stable cash flow, low-maintenance properties, and long-term growth.