All Forum Posts by: Justin Long

Outstanding student housing complex in Carbondale Illinois. 110 recently renovated units. Outstanding financials since stabilized. Currently 93% occupied with good management and staff in place. Owner is asking only $3 Million. Call today for more information (812) 453-7534

I have a lot of inventory for single family homes and smaller apartment buildings that are fully leased. I am running out of local buyers and am wanting to tap into buyers outside Indiana. Where is the best place to prospect new single family home portfolio and apartment buyers. Any help would be greatly appreciated. 

Please reply to this post or contact me directly. 

Great Midwest investment opportunity. 11 Duplex and Triplex units for sale with excellent cash flow and low operating/maintenance expense. Professional management already in place, ideally set up for out of state investors. Seller wants $600,000 for entire 21 unit portfolio. Call Justin Long with Keller Williams for more information (812) 453-7534 or email [email protected] 

Could not be a better time to invest in Midewest real estate. This is a great time to invest in real estate with all time low interest rates and high rental rates. 

Well maintained portfolio with management in place. Easy transition to add to an existing portfolio, or for a buyer looking to start investing in the Midwest. Long term tenants with little turn over. Most units have new HVAC, and interior improvements. Low annual capital expenditure. Reach out to me if you are interested and I will provide financials and marketing materials. 

Justin Long

812-453-7534

[email protected]

120 Unit Complex Fully Occupied - Ability to build an additional 120 units

Gross Income: $1,006,852

NOI: $431,763

CAP: 7.01%

Management and maintenance staff on site

Recent capital improvements: 70 rooms fully renovated

Complex is near University of Southern Indiana (USI)

Contact Justin Long for more Information 

812-453-7534

[email protected] 

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]