Turn Key Cash Flowing Portfolios for Sale. 1% Rule. 37-138 units

[Brandon Miller]

Over the past 9.5 years, I've dedicated everything to slowly building and maintaining a portfolio of rental properties. The properties were bought as cash flow properties in an area that traditionally didn't see appreciation.  Over the past 2 years, the housing prices have nearly doubled and the trend looks to be continuing as 4500+ jobs have been brought to the area.  The rents have steadily gone up over the past 5 years and really escalated over since 2020.  During the past 2 years, people have been fighting over apartments in this area, as there are simply none available.   Most of these units have been updated and are among the nicest on the market when they're listed.  The properties have been well maintained and taken care of.  Other opportunities have presented themselves though, and it's time for someone else to profit from these units as I have. 

I personally have a portfolio of 37 units in the Pittsburgh area (30 units) and the Akron Ohio (7 SFH) that is cash flowing $26,600 per month. Both cities are professionally managed, occupancy is currently at 98%. (one unit came vacant this month in Akron). The Pittsburgh portfolio is a mix of Single Family Homes, duplexes, triplexes, quads, and a 5 unit and a commercial storefront. I'm setting the price at the 1% rule assuming the 50% rule which works out to be a 6 cap. As Grant Cardone says: Follow the 1% rule and you'll make money. Price for these units is $2,660,000

Opportunity to buy 3 more portfolios in the Pittsburgh Area!!

I've also been working with 2 other investors in the exact same area maintaining their units and a third investor in a hotspot B area of Pittsburgh which is turning into an A location (this will be Portfolio 4).  We would prefer to sell all of the portfolios together, but it's not a deal breaker if not.

Portfolio 1:  37 units, gross rents $26,600.  Occupancy 98%.  Priced at $2,660,000

Portfolio 2:  19 units, gross rents $15,500.  Occupancy 100%.  Priced at $1,550,000

Portfolio 3:  53 units, gross rent $24,500.  Occupancy 85% -Vacancies due to some units awaiting rehabs.  Priced at $2,4500,000.

Portfolio 4:  19 units, gross rents $17,000.  Occupancy 100%.  Priced at $1,700,000

Please reply or email me at bmiller0718 at gmail  to get more info on them.   Again, our preference is to sell them all together but not a deal breaker if not.

Looking forward to hearing from you!

Brandon