LOOKING TO STEP UP YOUR PORTFOLIO? HIGHLY SORT AFTER 11 UNIT BUILDING. LOVELY VIEWS OF MADISON GOLF COURSE. GENEROUS APTS W/ IDENTICAL FLOOR PLANS. 1100 SQ FT ALL 3 BEDROOM UNITS 1.5 BATHS. OVERSIZED MASTERS W HALF BATH. DINING OPEN TO GALLEY KITCHEN. QUAINT BRICK FIREPLACE (DECORATIVE ONLY) LARGE LIVING ROOM W BALCONIES. PARKING GARAGE IS CURRENTLY AN ADDITIONAL COST NOT INCLUDED IN CURRENT RENT. FRONT & BACK PARKING LOTS W SECURED ENTRANCES. LAUNDRY ROOM W 2 NEW COIN OPERATED WASHER & DRYERS INCLUDES 11 PRIVATE SECURED STORAGE UNITS. THIS BUILDING IS PHA APPROVED. ROOF 2018. 12 METERS SO WATER COULD BE PAID BY TENANTS, CURRENTLY OWNER PAYS. 8.0% CAP RATE AT 35% FOR EXPENSES. 2 UNITS ARE CURRENTLY VACANT AND WILL NEED SOME UPDATES. POTENTIAL OF WELL OVER 10% CAP W COMPLETION OF LAST 2 UNITS.
4 Apartments total. Unit 1 is a main level and Unit 2 is an upper unit these are the same floor plan. Each has 3 bedrooms with 1 bath offering large living room and dining room. 1300 square feet each these Apartments are spacious and have natural woodwork and wood floors. Unit 3 is a 1 bedroom with its own private entrance off the back side and Parking in back. Unit 4 is a studio this unit has street front, lower level entrance. This Brick property has all new windows. Roof was done in 2015 and is well maintained. Fully rented. Monthly income is $3075. Annual income $36,900. At the ask price this is a 7.7% cap rate calculated with 35% in expenses. Currently the owner pays water. Tenants pay their own Gas and Electric. Tenants rights will need 24- 28 hours to confirm showings. Currently has single person management team. Leases and rent rolls available.
Check out this recently renovated and available duplex to add to your portfolio approx 14% return on investment! Currently both spaces are rented at 800 each, so 1,600 per month of income at 19,200 gross per year. Driveway drive through option from Sheridan to alley for added convenience. Contact your agent for additional photos or video tour. Leases are in place and property manager service is being used. Make your appt today! Additional not yet listed properties are available, ask your agent to inquire.
The median home value in Peoria, IL is $130,300. This is lower than the county median home value of $136,800. The national median home value is $338,100. The average price of homes sold in Peoria, IL is $130,300. Approximately 49.98% of Peoria homes are owned, compared to 37.49% rented, while 12.53% are vacant. Peoria real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Peoria real estate agent to arrange a tour today!
Peoria, Illinois 61604 has a population of 113,672. Peoria 61604 is less family-centric than the surrounding county with 23.08% of the households containing married families with children. The county average for households married with children is 27.66%.
The median household income in Peoria, Illinois 61604 is $53,568. The median household income for the surrounding county is $58,426 compared to the national median of $69,021. The median age of people living in Peoria 61604 is 35.6 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 37.7 inches per year, with 23 inches of snow per year.