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Listed by AdamJ Merrick • Adam Merrick Real Estate
$ 550,000
Est. payment /mo
Active
700, 706-718 N UNDERHILL ST #714 Peoria, IL 61606
4,879 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,879 sqft
Price per Sqft $112
MLS Listing ID PA1259785
Annual Tax Amount $10,092
Tax Year 2024
Lot Size 0.600 Acres
Acres 0.6
Property Sub-Type Commercial
Source rmlsa
Property Description
Prime Investment: 6-Home Bradley University Portfolio. A truly rare opportunity to acquire a six-house portfolio, strategically located just steps from Bradley University. This unique package offers an investor the chance to own a significant majority of homes on a single street, an unparalleled advantage in the rental market. Owning the block simplifies everything from maintenance and landscaping to tenant management. You set the standard for quality and curb appeal, creating a cohesive and desirable community that attracts the best tenants. This is a turnkey investment powerhouse. The prime location ensures a consistent, high-demand tenant pool from Bradley's student body and the local hospitals, leading to historically strong occupancy rates and robust cash flow from day one. Student housing provides a recession-resistant asset, securing your capital while offering significant potential for appreciation. Seize the chance to add a substantial, cash-flowing asset to your portfolio. This is a legacy investment in a premier location.
Location
State IL
County Peoria
Area Paar Area
Zoning R4
Direction UNIVERSITY TO BRADLEY, BRADLEY TO UNDERHILL
Interior
Heating Natural Gas, Electric, Heat Pump
Cooling Central Air, Multi Units, Wall/Window Unit(s)
Flooring Carpet, Other
Fireplace N
Exterior
View true
Roof Type Asphalt
Garage 1
Building
Faces UNIVERSITY TO BRADLEY, BRADLEY TO UNDERHILL
Sewer Public Sewer
Water Municipal/City
Structure Type Aluminum Siding,Vinyl Siding,Frame
Others
Tax ID 18-08-202-005