This investment includes 4 condo units in a building with 12 total residential condos and one commercial business unit. These 4 new construction luxury condos are just steps away from restaurants, boutiques, & amenities in Peoria Heights. Nearby destinations include rooftop bars, Tower Park, Rock Island Trail (26 miles long), Junction City Shopping Center & Keller Station, and Country Club of Peoria. 3 units are currently long term rentals and 1 unit is leased by a property management group as a short/medium term rental. Seller financing available with preferable rates and terms. Selling financing available with an acceptable offer and qualifications – 20% minimum down, up to 80% seller financing at 4.5% interest rate, with interest only for 18 months and a 36 month balloon. Pro forma IRR with seller financing or interest only financing produces IRR > 24% after 5 years. See the Offering Memorandum for more information and photos.
1310 SAMUEL Avenue 2A 2C 2F 3D Peoria Heights, IL 61616
Price Reduced
For Sale
1310 SAMUEL Avenue 2A 2C 2F 3D
Peoria Heights, IL 61616
Price: $1,444,600
Type:
Commercial Sale
Commercial
Agent:
Jessica Ball
Agent Phone: 309-363-2929
Agent Email: JessicaBall@remax.net
Broker:
RE/MAX Traders Unlimited
Broker Phone: 309-687-5000
Broker Email: robinsimpson@remax.net