Single Family Residential Portfolio For Sale, Great Lakes - Big Rivers Region

Property Description

Single Family Residential Portfolio For Sale

Rare opportunity.

Portfolio of approx. 40 Iowa Single Family Residential Homes

All homes are on long term leases.

Class AAA+ Construction & Design

100% Leased

These homes are brand new

These are all 3,500+ SF homes

These are all 2-5 bedroom homes

Located in a golf course community

Located in an area with the best school systems

4-5 bedroom units

The quality of these homes is outstanding

Designer finishes

Located in a historically stable market

Cash flow is already in place - All homes are on 1 to 3 year leases

The owner is willing to sell the homes to qualified buyers and will structure the debt for these homes as well.

For example:
Home value appraisal $335k
Down Payment $100k
Debt $235k
Rate 4% interest only for 5 year term
Cash on cash 10%

Available for a bulk sale of all 40 in one portfolio, or, as an alternative, the owner will agree to sell these in blocks of at least 5 units at a time ($337k x 5 = $1,685,000) with a buyer would needing $500k in equity to invest as a minimum.

There is a potential to get more aggressive financing but the owner does not want to over-promise that up front until they see the credit of the buyer.

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Multifamily / Apartment Properties For Sale

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