$1,680,275.00
Peoria Heights, IL 61616
Description
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.
Key Features
- Property Type Commercial Sale
- Acres 0.00 Acres
- Minerals Call for more info
- MLS # PA1252488
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Listing #PA1252488 Courtesy of Jessica Ball with RE/MAX Traders Unlimited. . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
