5 single family rentals - turnkey package

[Scott Edmond]

Portfolio of 5 single family rental homes acquired and managed by a white collar investor as an equity builder. Owner has held for some time and now ready to move on to other investments. 

• Occupancy over the last 5 years has averaged 94.48%
• $41,180 / year in scheduled rents
• Monthly averages per unit: Rent $753; Taxes $136; Insurance $55
• Priced at 95% of assessed value
• 1990's construction

Income has upside potential as these properties haven't seen a rent increase in several years and all maintenance has been outsourced to 3rd party. This is a great opportunity to acquire an portfolio of high-quality assets being offered at a bulk rate discount near assessed value.

Located in Evansville, Indiana.  Asking $393,300.  

Any questions call me at 812-471-2500.