115 Henrietta Ave Rockford, IL 61102
63 Units, High ROI Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 128
Highlights
- $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.
- Strong tenant base includes Section 8 tenants, providing recession-resistant cash flow.
- Annual rent increases are expected due to government-adjusted Section 8 payments.
Property Details for 115 Henrietta Ave
- Property type
- Residential income homes
- Units
- 63
Location Insight
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Latitude
- 42.27621282504
- Longitude
- -89.127016998673
Nearby Similar for Sale
FAQs
- What type of property is this?
- Residential income home - 63 Units, High ROI Potential
- Where is the residential income home 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.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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