20 Single Family Homes Portfolio 20 Multifamily Properties Offered at $690,000 in Decatur, IL

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!