Description
This portfolio contains 25 homes in total, consisting of 21 single family homes and 4 multi-family homes. The entire portfolio is clustered within a 2 mile radius. The units are at 86% occupancy and tenants are responsible for utilities and lawn maintenance. 11 homes are sanctioned for Section 8, providing an investor with guaranteed income through government subsidies. The seller made significant improvements and updates to most of the homes upon acquisition. The portfolio is maintained and managed by a team of local professionals including two full time maintenance workers and one full time property manager. With its close proximity to sprawling Columbus, Ohio, monthly rents below market rate and rental increases of 13% year over year, this portfolio has tremendous growth in its future.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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1,480SQFT
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$1,885$/SQFT
Description
This portfolio contains 25 homes in total, consisting of 21 single family homes and 4 multi-family homes. The entire portfolio is clustered within a 2 mile radius. The units are at 86% occupancy and tenants are responsible for utilities and lawn maintenance. 11 homes are sanctioned for Section 8, providing an investor with guaranteed income through government subsidies. The seller made significant improvements and updates to most of the homes upon acquisition. The portfolio is maintained and managed by a team of local professionals including two full time maintenance workers and one full time property manager. With its close proximity to sprawling Columbus, Ohio, monthly rents below market rate and rental increases of 13% year over year, this portfolio has tremendous growth in its future.
© 2023 Columbus Board of Realtors. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Maze & Co. Real Estate Group. Data last updated: 2023-06-07T23:51:41.48.