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. Current net income is approximately $28,000 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.
523 SANFORD Street 1-10 East Peoria, IL 61611
Price Reduced
For Sale
523 SANFORD Street 1-10
East Peoria, IL 61611
Price: $325,000
Type:
Commercial Sale
Commercial
Lot Size (Acres): 0.41
Agent:
Troy Kerrn
Agent Email: troy@troykerrn.com
Broker:
Keller Williams Premier Realty
Broker Phone: 309-282-1555
Broker Email: klrw633@kw.com
