707-709 West Elk Street

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707-709 West Elk Street

Freeport, IL 61032
Asking Price
$2.13M
Cap Rate
10%
Asset Type
Single Family Rental Portfolio Retail
Class
Class B

What's Special

100 % leased well maintained properties <p>This is a rare opportunity to acquire a <strong>well-maintained 24-property rental portfolio</strong> located in the affordable and investor-friendly market of Freeport, Illinois. The portfolio consists of <strong>18 single-family homes and 3 duplexes (totaling 24 units)</strong>, offering a balanced mix of stable residential income streams.</p><p>The properties are described as <strong>very well maintained</strong>, with many benefiting from ongoing updates, professional management, and soli

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NOI
$80,000
Cap Rate
3.75%
DSCR
0.63
Underwater
Cash-on-Cash
-7.30%
Monthly Payment
$10,561.331
Annual Cash Flow
$-46,735.97

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