Well located residential rental portfolio spread across the rapidly growing, college town of Statesboro, Georgia. This is a turn-key stabilized portfolio with 100% occupancy at a total of 21 buildings
and 32 units.
It consists of 9 townhouses that are split between A units, which are on the first story and B units which are on the second story. 2 duplexes that are located right next to each other, 7 four bedroom/four bath single family houses, 2 three bedroom/two bath single family houses, and 1 two bedroom/two bath new construction town-home.
The homes have all been maintained well and are all in good shape, there is no deferred maintenance in any of the units. There is one local management company that oversees the portfolio and is
responsible for keeping the units rented.
This portfolio is being offered as a stabilized investment that is generating $242,920 in gross revenue, and $183,993 NOI. It is currently priced at a 7.3% CAP on our normalized expense ratio of 38%.
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