Investment Overview

Marcus & Millichap is pleased to present this 36-unit townhome portfolio, located in Pingree Grove and Hampshire, Illinois. Built in 2006–2018, the portfolio is comprised of 13 two-bedroom townhomes and 23 three-bedroom townhomes, measuring on average 1,291 and 1,656 square feet each, respectively. The townhomes feature attached garage parking, modern designed units, stainless-steel appliances and in-unit washer and dryer. Six units feature basements for additional storage. Tuscany Woods: The 30 units are a part of the master association, the association fees cover limited common elements within the master association. Ownership owns, controls and maintains all units in five buildings (30 units in total) and pays for interior and exterior property and liability insurance, landscaping, exterminating, additional ground maintenance, and general repairs and maintenance. The five buildings / 30 units are effectively functioning as a conventional multifamily property. This investment provides the opportunity to acquire a newer construction, well-maintained portfolio in solid rental locations. Priced below sold comparables for individual townhome sales, it offers strong value in an area experiencing a steady influx of new residents and growing demand.