32-Unit Multifamily Real Estate Portfolio: $76K+ NOI, Room to Grow

Asking Price$975,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$975,000
Included in asking price
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32-Unit Multifamily Real Estate Portfolio: $76K+ NOI, Room to Grow


Asking Price$975,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$975,000
Included in asking price
Business Description
This is an income-producing 32-unit multifamily and mixed-use real estate portfolio located in a stable small-town Illinois market. The portfolio spans six separate residential and commercial parcels a mix of apartment buildings, mobile homes, a single-family rental, and street-level commercial storefronts generating $166,351 in trailing-twelve-month gross scheduled income and $75,999 in net operating income at roughly 90.6% occupancy.

For an investor seeking real, in-place cash flow with minimal day-to-day involvement, this offering delivers exactly that: rents are collected, expenses are documented on the owner's actual trailing-twelve-month financials, and the asset requires no active operation just ownership and light oversight. Real property is included in the asking price across all six parcels, eliminating lease risk entirely.

Immediate upside is built in. Three units are currently vacant and were slated for renovation by the current owner; leasing them at market rent would add approximately $19,000 in annual gross income, lifting stabilized NOI to roughly $84,700. An additional occupied unit is leased meaningfully below market and represents further in-place rent growth on turnover, without any capital investment required.

The portfolio's small-town Illinois location offers a lower cost of ownership and a lower expense base than metro-market multifamily, with a stable, long-standing renter base. As with most tertiary-market assets, population growth in the immediate area has been modest, and a buyer's underwriting should reflect a stable, income-focused hold rather than an aggressive rent-growth thesis the appeal here is documented, collectible cash flow at entry, not speculative appreciation.

The current owner is available to walk a qualified buyer through the full unit-by-unit rent roll, expense detail, and property records for all six parcels under NDA.

Contact us today to learn more about this opportunity and request additional information.
About the Business
Currently Home Based
Yes
Facilities & Assets
The portfolio comprises 32 units across six parcels: a 9-unit apartment building, a 5-unit mixed-use building with two ground-floor commercial storefronts, a second 9-unit apartment complex, a 3-unit property with two mobile homes plus a single-family house, a 3-unit property with two mobile homes plus a small single-family home, and a 3-unit apartment building. Real estate is owned and included in the asking price across all six parcels no ground lease or land lease risk.
Market Outlook / Competition
Rural, tertiary-market multifamily nationally trades at 7-9%+ cap rates given lower barriers to entry and thinner buyer competition than metro markets. The subject market is a small Illinois town with a stable, long-term renter base and an affordable rent basis relative to income. As with most small-town Midwest markets, population has been roughly flat to modestly declining over the past two decades underwriting should reflect stable income rather than rent-growth speculation.
Opportunities for Growth
Three vacant units are ready for lease-up at market rent, adding an estimated $19,000+ in annual gross income and lifting NOI to approximately $84,700 a straightforward, no-capital path to a materially higher return. An additional occupied unit is leased below market and offers further rent upside on natural turnover. A new owner could also explore adding professional property management to further reduce time commitment.
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Transition Support
This is a passive, income-focused real estate holding rather than an owner-operated business no specialized training is required to own it. The current owner will provide a full walkthrough of the unit-by-unit rent roll, expense history, and available property records to a qualified buyer during due diligence.
Listing Info
ID
2533443
Listing Views
17

Listing ID: 2533443 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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