Multi-Property Residential Portfolio
ORA is selling a portfolio of residential condominiums located in Prince George’s County. The portfolio consists of 15 condos. The properties are professionally managed by MMI. The properties generate an annual net operating income (after taxes and management fee) of $127,563.
Each unit has been recently renovated and leased. Attached is the financial information. This portfolio is a unique opportunity for an investor to own multiple, well-managed properties while benefiting from stable income. The asking price for this portfolio is $1,450,000. This represents an approximate 8.7% yield to the purchaser.
Property Details:
- Multi property portfolio sale
- Portfolio contains 15 condos
- All units professionally managed
- All units recently renovated and new features include: stainless appliances, flooring, counter tops, washers/dryers, renovated bathrooms and more
- Units are mix of studios, 1, 2, and 3 bedroom configurations
- Annual net operating income $127,563 after taxes, management and HOA fees
- Portfolio yields 8.7% to investor upon 100% occupancy
- Ideal investment for investor looking for stabilized, well-managed residential assets
- See the attached financial info sheet and call or email for more details
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