The 34-property portfolio in Freeport, IL consists of a mix of 1-4 unit residential properties, providing an opportunity for both stable rental income and value appreciation. Freeport, a smaller city with affordable housing and moderate demand for rentals, offers a potential for steady returns. The properties likely vary in size, condition, and tenant profiles, giving a diversified risk spread across the portfolio. Investors may benefit from Freeport's low property prices compared to larger cities, while the smaller town environment may offer lower competition and operating costs. Overall, this portfolio could be attractive for investors looking for a balance between income stability and long-term growth.