30+ Single Family Homes
This well-established and maintained rental portfolio located throughout the Michigan City area is a unique find. The city is experiencing a positive market shift with new economic development projects occurring throughout. This new shift allows the area to be one of the top contenders in the Northwest Indiana emerging housing market. The implantation of the South Shore NICTD double-track rail system has created a low-hassle travel system that makes travel to and from Chicago a breeze. What an awesome opportunity to be the owner of such a meticulously crafted investment portfolio especially since the properties are priced below market value and rents have the potential for an increase at the renewal of the lease, this is a favorable attribute for an already strong producing portfolio.
The portfolio is currently managed by a management company owned by the seller that is willing to stay if needed.
The portfolio collection consists of 30 SF homes and 3 duplexes. Properties can be sold as bundles as small as 4 or as an entire portfolio.
Tenants are responsible for their utilities, lawn care, and appliances. POF/ Bank lender letter required at time of offer.
Financials (USD)
Net Operating Income (Annual) Not Disclosed
Asking Price $3,375,000
Cap Rate 8%
Deal Terms
Who is Listing the Property? Real Estate Broker
Broker Co-Op? Available On Request
Seller Financing Available? Yes
Seller Willing To Lease? No
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.
Request Information
Want to learn more about this listing? Log in now. New to DealStream? Discover how artificial intelligence can help you find better deals! Sign up for a Free Account today and get your first Search Genius deal tomorrow.
Sign Up

