$575,000
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3440 Villa Ridge Peoria, IL 61604
General Commercial
Residence
Beds
Baths
8,460
Sq. Ft.
3.94
Acre
Lot
Property Activity
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This fully leased, 8 unit apartment building can generate new owners immediate cash flow, with room for rent increases. Located at the end of a quiet cul de sac, this apartment complex has many updates (roof) and is consistently fully leased. There are 7 units that are 2 bedroom/1 bathroom and one... unit (3442 Villa Ridge) that is a 3 bedroom, 2 bathroom unit. 5 of the 7 units that are 2 bedroom and 1 bathroom have been recently renovated (see video walkthrough). Tenants each pay their own Ameren gas and water meters, as well as $25 per month for water (1 water/sewer meter). There is ample parking as well as a fenced in court area and land that would provide an excellent opportunity for building an additional apartment complex, covered parking, pickleball courts or storage spaces. Video Tour of Vacant Unit (2bed/1bath) from 08/01/2024 - https://youtu.be/9ziaREZ0k4U.
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MLS#
PA1252264
Property Type
General Commercial
Year Built
1976
Square Feet
8,460
sq. ft
Lot Size
3.94
Stories
2.0
Sewer
Public Sewer
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