$325,000

523 Sanford St # 1-10, East Peoria, IL 61611

4,756 sqft

Commercial Property
Built in 1948
0.41acre lot
—— car garage
$68/sqft
Listed 2 months ago

Property Description

EXCELLENT INVESTMENT OPPORTUNITY! This 10-unit apartment complex generates strong cash flow with the smallest unit renting at $450/month and all others at $650/month. Net income is approximately $30,000 annually with plenty of upside potential for increased rents. Don’t miss your chance to own a solid income-producing property with room to grow! Each of the stand alone units (1,2,3,4,10) have their own gas and electric meters. The block building units 5, 6, 7, 8, 9 all work off one gas, electric meter. Units 5, 6, 7, 8, 9 are serviced off one gas water heater that is in the closet of #7. The stand alone units all have gas water heaters, gas furnaces, gravity type wall , #3 has a gas forced air unit. All units come with working gas range stove and electric fridges. The only exception is #8, seller hasn't replaced it.

Listing Status:: Active
Listing Office:: Keller Williams Premier Realty : 309-282-1555
Listing Agent:: Troy Kerrn : 309-282-1555
MLS ID:: PA1260290

Flooring: Other
A/C: Multi UnitsWall/Window Unit(s)
Heating: Natural GasElectricIndividual UnitOther

Roofing: Composition Shingle
General: One

Road/Access: Gravel
Originating MLS: rmlsa
County: Tazewell

Zoning: res01-0132-306-011

Utilities: Water Available
Sewer: Public Sewer

Source: rmlsa

This listing courtesy of Troy Kerrn, Keller Williams Premier Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Lincoln Elementary School

801 Springfield Rd, East Peoria, IL, 61611

Grades 3-5

1.45 miles away

Central Jr High School

601 Taylor St, East Peoria, IL, 61611

Grades 6-8

1.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.