8515 Jenny Drive

This home is part of a package of 5 single family homes and 1 duplex. Average rents are $1022/month. One unit in the duplex is vacant and the rest of the units are fully leased. Three units have Section 8 leases and three have market leases. This is a stable portfolio with one tenant renting for 2+ years, three tenants have rented for 5-6 years, and one tenant has rented for almost 22 years. There is one new tenant this year. The package price is $374,500 which is an average of $53,500 per door. Estimated Pro Forma Cap Rate is 11.32%. Access to the properties will be provided with an accepted contract. To minimize tenant disruption, the buyer will have one-time access to the properties so a walk-through, inspection, and/or appraisal will all need to be completed together. Please see supplements for a brochure with details on all of the properties.