601-609 NE Perry Ave - Apartments FOR SALE


Peoria, IL 61603- Downtown Peoria
$199,900 USD
309-323-0399
601-609 NE Perry Ave, Peoria, IL for Sale
$199,900 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

601-609 NE Perry Ave
Peoria, IL 61603
Downtown Peoria


OVERVIEW

This residential investment property sale is for two parcels that in total have 2 duplexes (4 total units, all occupied, professionally managed) and a vacant apartment building that has begun being gutted to be ready for renovation. The Peoria County PROVAL records list the apartment building as 14, 1 bedroom 1 bathroom/studio units (see Associated Docs). Ameren meters have been removed, utilities turned off, and the boiler in the basement is not functional. Duplexes are all 2 Bedroom/1 Bathroom units (Duplex Rents total $2150).There is also a garage and shed in the rear of the property.

FOR SALE DETAILS

PRICE

$199,900 USD

PRICE/SF

$44 USD /SF

# OF UNITS

18

PRICE/UNIT

$11,106

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R-8

APN/PARCEL ID

18-04-432-016,18-04-432-017

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.