Description
Rental Upside: Opportunity to increase in-place rents. New ownership will be able to increase the performance of the portfolio by making renovations while maintaining positive cash flow.Strong Occupancy: Rents in Delaware County have increased by an impressive 7.5% over the past year, which significantly exceeds the average annual growth of 3.7% over the past decade.Investment Highlights: Incredible opportunity to acquire 22-units scattered across the highly sought-after Delaware County submarket. This 22,822 SF portfolio is comprised of (12) two-bedrooms units, (9) three-bedroom units, and (1) one-bedroom unit. The average square footage of the units is approximately 1,037 square feet. The average monthly rents currently being achieved for the two-bedroom units is $934 and $1,171 for the three-bedroom units. These properties offer the ability to achieve immediate cash flow, while also being able to increase rents. Many of the properties feature porches, and front and back yards.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
Description
Rental Upside: Opportunity to increase in-place rents. New ownership will be able to increase the performance of the portfolio by making renovations while maintaining positive cash flow.Strong Occupancy: Rents in Delaware County have increased by an impressive 7.5% over the past year, which significantly exceeds the average annual growth of 3.7% over the past decade.Investment Highlights: Incredible opportunity to acquire 22-units scattered across the highly sought-after Delaware County submarket. This 22,822 SF portfolio is comprised of (12) two-bedrooms units, (9) three-bedroom units, and (1) one-bedroom unit. The average square footage of the units is approximately 1,037 square feet. The average monthly rents currently being achieved for the two-bedroom units is $934 and $1,171 for the three-bedroom units. These properties offer the ability to achieve immediate cash flow, while also being able to increase rents. Many of the properties feature porches, and front and back yards.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-29T23:49:21.79.