Springfield SFR Rental Portfolio Specialty FOR SALE


Springfield, IL
$1,200,000 USD
918-857-5961
, Springfield, IL for Sale
$1,200,000 USD
Specialty - FOR SALE
1/2
null | 8.33% Cap Rate

Springfield SFR Rental Portfolio
Springfield, IL


HIGHLIGHTS

  • Portfolio includes 16 improved rental units and five land parcels.
  • Current annual rent is reported at $99,900.
  • Market annual rent is reported at $119,100.
  • Occupied tenants have reportedly remained in place for five or more years.
  • Leases are primarily month-to-month, allowing future operational flexibility.
  • Additional operating expense and NOI information is available to qualified buyers.

OVERVIEW

The Springfield Rental Portfolio offers an opportunity to acquire a diversified collection of 16 improved rental units and five land parcels within Springfield, Illinois. The portfolio generates current annual rent of $99,900, with owner-reported market annual rent of $119,100, presenting potential income growth through lease rollovers and rent adjustments where supported by market conditions. Occupied tenants have reportedly remained in place for five or more years, providing an established occupancy history across the improved assets. Leases are primarily structured on a month-to-month basis, offering future ownership flexibility while maintaining current income. The inclusion of both improved properties and land parcels creates multiple avenues for portfolio management, including continued rental operations, repositioning strategies, or future development considerations subject to local regulations and approvals. Financial information provided by ownership indicates current and market rental income figures; rents and taxes have not been independently verified. Vacant units are reflected at asking or market rent, and items identified as TBD are excluded from reported totals. Additional financial information, including operating expenses and net operating income, is available to qualified buyers upon request.

ASK ABOUT THIS PROPERTY

Casey LitseyColdwell Banker SelectMore Info
918-857-5961

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Casey LitseyColdwell Banker SelectMore Info
918-857-5961

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