20 Single Family Homes Portfolio Multi-Family FOR SALE


Decatur, IL
$800,000 USD
754-202-2419
, Decatur, IL for Sale
$800,000 USD
Multi-Family - FOR SALE
1/1
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20 Single Family Homes Portfolio
Decatur, IL


HIGHLIGHTS

  • Close Proximity to Multiple Major Cities
  • Rare Opportunity to Buy Many Single Family Homes At Once
  • Already Positive Cash Flowing
  • Multiple Viable Exit Strategies
  • Little Construction Needed To Make Rent Ready

OVERVIEW

This is a unique opportunity to acquire a portfolio of 20 single-family homes in Decatur, Illinois. The portfolio is currently cash-flow positive, with 17 of the 20 units occupied. The majority of the homes are in good condition, requiring only minor touch-ups, and the vast majority of the vacant units are rent-ready.? Portfolio Highlights: Unit Mix: Predominantly 1-bedroom/1-bathroom homes, with several 2-bedroom/1-bathroom units, and one 3-bedroom/2-bathroom home. Occupancy: 17 of 20 units currently occupied. Condition: Most homes are in good condition, requiring only minor touch-ups. Rent Potential: Opportunity to increase rents to market rates, enhancing cash flow. Exit Strategy: Ideal for long-term hold or potential to sell off individual units.? Decatur Market Overview: Decatur offers a cost-effective living environment, with a median home value of approximately $93,406, reflecting a 6.4% increase over the past year. The city is known for its affordability, making it attractive to both residents and investors. ? The local economy is supported by major employers such as Caterpillar Inc., Archer Daniels Midland, and Mueller Co., providing a stable employment base. Decatur's strategic location, with access to major highways and railroads, enhances its appeal as a logistics and distribution hub. ? Wikipedia Investment Potential: This portfolio presents a value-add opportunity for investors seeking to capitalize on Decatur's affordable housing market and stable economic base. With the potential to increase rents and the flexibility to hold or sell individual units, this investment offers both immediate cash flow and long-term appreciation. Please note that we require 10% EMD and a minimum 25% cash amount at closing before any contracts are accepted. Call (754) 218-0221 anytime 24/7 for more information!

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Mary BatistaReal Pro, IncMore Info
754-202-2419

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Mary BatistaReal Pro, IncMore Info
754-202-2419

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