Value Add Single Family Portfolio I

Portfolio of single-family rental homes for sale. The majority of the homes are occupied with the tenants paying rent. There is the potential to increase rents significantly both as-is and with additional updates. 

Average rent for the homes is $899 a month based on similarly sized rental homes with the same bedroom and bathroom count in the same zip codes. 

There is also potential to update the homes and sell them retail to owner occupants in the future. There are numerous similarly sized updated homes selling for over $100,000 nearby. 

The seller has recently completed several capital expenditure items, and completed numerous turnovers when renting to new tenants.

There is a management company in place that has been managing properties for 19 years located near the homes, management services can remain in place after the sale if desired.

The majority of the homes are located in North County.

Many of the homes are located in very close proximity providing ease with maintenance and leasing. 

Homes are to be sold as-is.

Showings will be available with an accepted contract.

Rental comparable information was obtained by renotmeter.com.