Description
August 24th update: All letters of intent from interested buyers due Sunday, August 27th at 6pm CST. Seller will review best and final offers at that time and make a decision. This is a package deal of 10 rental properties and seller prefers to sell as a package. Various locations throughout Decatur. 7 of the 10 houses are currently leased. ~$80k in annual gross income and ~$58k in net income when all 10 are rented assuming 5% vacancy. This represents an ~18% cap rate. If financed at 80% LTV the annual cashflow would be about $36k representing a ~56% cash on cash return and an ROI of ~45%. Please contact your real estate agent for a list of addresses and the assumptions behind the financials listed above.
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Listing information provided courtesy of the Central Illinois Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 23rd September, 2023 9:28 AM (UTC)
Listing Agent: Tony Piraino
Listing Office: Brinkoetter, Realtors
