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115 Henrietta Ave Rockford, IL 61102

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For Sale
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63 Units, High ROI Potential

Property Features for 115 Henrietta Ave

General Information

Property type
Multifamily properties

Building Details

Units
63

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Listing Contact
Olga Kampmeier
Olga Kampmeier

Listing Agent: Olga Kampmeier

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Overview

This exceptional investment opportunity presents a portfolio of 63 income-producing properties in Rockford, Illinois, encompassing single-family homes, duplexes, and a four-unit building. Strategically located in close proximity for efficient management, this portfolio offers significant potential for appreciation and rental growth. The properties are situated within Winnebago County, spanning various addresses across Rockford, with zip codes including 61101, 61102, 61103, and 61107. Many units are currently leased below market rates, presenting a clear path to increased profitability through rent adjustments. A substantial portion of the tenant base consists of Section 8 recipients, providing a degree of recession-resistance and financial stability. This "mailbox money" investment is poised for annual earnings growth aligned with government-mandated rent adjustments. The asking price for the entire portfolio is $5,000,000, translating to an attractive price per unit of $79,365.08. This presents a compelling opportunity for investors seeking a diversified, high-yield, and relatively low-risk real estate investment in a growing mid-tier market. The portfolio's proximity and manageable size make it an ideal acquisition for both seasoned investors and those seeking to expand their holdings. The current tenant base provides immediate cash flow, while the potential for rent increases offers substantial long-term growth prospects. This is a turnkey investment ready for immediate returns and future expansion.
Property Profile Location Intelligence

Current Use by Public Records

Residential income homes

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Location Insight

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City
Rockford
County
Winnebago
State
Illinois
Longitude
-89.127016998673
Latitude
42.27621282504

FAQs

What type of property is this?
Multifamily property - 63 Units, High ROI Potential
Where is this multifamily property located?
The property is located at 115 Henrietta Ave Rockford, IL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: $5,000,000 asking price for a 63-unit multifamily portfolio.; Portfolio consists of 63 single-family and multi-family homes in Rockford, IL.; Many units are leased below market rate, offering significant rental upside.
(815) 621-9180 Call to check price and availability
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