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601-609 NE Perry Ave 18 Unit Apartment Building $199,900 ($11,106/Unit) Peoria, IL 61603

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Executive Summary

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.

601 NE Perry - Offering Memorandum

Property Facts

Price	$199,900	Building Class	C
Price Per Unit	$11,106	Lot Size	0.22 AC
Sale Type	Investment	Building Size	10,251 SF
No. Units	18	No. Stories	3
Property Type	Multifamily	Year Built	1930
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	R-8

Price	$199,900
Price Per Unit	$11,106
Sale Type	Investment
No. Units	18
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.22 AC
Building Size	10,251 SF
No. Stories	3
Year Built	1930
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-8