115 Henrietta Ave Rockford, IL 61102

Property Details for 115 Henrietta Ave

Property type

Residential income homes

Description

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.