For Sale: 50 Single Family Home Portfolio 96% Occupied

[Justin Long]

This housing portfolio is a significant investment opportunity for a long term hold or sell off strategy. The housing portfolio is a part of a bank liquidation which allows for a significant CAP rate. All 50 homes in the portfolio are preforming at a 12.61 percent CAP rate. All properties are currently professionally managed and maintained.

The housing portfolio is currently 94 percent occupied with only three units vacant. Many units have been occupied by the same tenant for several years. The portfolio is comprised of mostly two bedroom one bathroom homes renting from 550 to 650 dollars per month. The remainder of the portfolio is comprised of one, three, and four bedroom units with rents capping out at 750 dollars per month. The rents in this portfolio are currently what other similar housing product types are bearing in the Evansville market. 

Please review the investment materials here: https://www.dropbox.com/s/7k3gfvnls5z8s5k/Housing%20Portfolio50-PRINT.pdf?dl=0

Purchase Price: $1,475,000

Monthly Rents: $26,955

Annual Gross Rents $323,460

NOI: $186,036

CAP: 12.61%

Give me a call any time if you have any questions or your interested in the property. 

Justin Long

812-453-7534

[email protected]