571 Sierra DrFreeport, IL 61032

Property Details for 571 Sierra Dr

Property type

Mixed-use properties

Description

This exceptional mixed-use investment opportunity in Freeport, Illinois, presents a portfolio of 110 units across 18 buildings situated on 13 parcels. Located approximately two hours west of Chicago, this fee-simple ownership offers a compelling return. The portfolio boasts a diverse range of properties, including both upscale and standard units, reflecting a carefully curated collection built over many years. The asking price is $4,500,000, projecting a pro-forma net operating income (NOI) of $553,601 and a pro-forma capitalization rate of 12.30%. This is a complete package, offered as a single sale

Location Insight

City

Freeport

County

Stephenson

State

Illinois

Latitude

42.3037

Longitude

-89.658

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