305 Meadow Avenue, East Peoria, IL
15.21% return
SP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2
Slideshow image 3
Slideshow image 4
Slideshow image 5

Property Description

Amazing investment!! 

12 CBS homes located on 1.4 acres of beautiful land. Minor cosmetics needed. Located in a populated area. MSA is home to over 400k+ people. Tons of business in the city. Nice restaurants and bars nearby. Minutes away from downtown. Very inexpensive to operate. Separate electric and gas meters. City water and sewer. 15.21% NET RETURN ON INVESTMENT!!!! This property will not last. 

Financing and professional property management is available. Call us today!

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units12
  • Total bedrooms12
  • Total bathrooms12
  • Building size5808 sq. ft.
  • Lot size1.4 acres
  • Year built1950
  • CountyPeoria County
  • Subdivision
  • ConstructionCBS
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingGas Furnace
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $375,000
  • Estimated rehab 1 $0
  • Total investment $375,000
  • Type Proforma
  • Gross income (annually) $79,200
  • Operating expenses (annually) $22,144
  • Net income (annually) $57,056
  • Gross return 21.12%
  • Gross income (monthly) $6,600
  • Operating expenses (monthly) $1,845
  • Net income (monthly) $4,755
  • Net return 15.21%

Property Income & Expenses

  • Income
  • Building 1
  • Unit 1: 1 bed / 1 bath $550/month $6,600/year
  • Building 10
  • Unit 10: 1 bed / 1 bath $550/month $6,600/year
  • Building 11
  • Unit 11: 1 bed / 1 bath $550/month $6,600/year
  • Building 12
  • Unit 12: 1 bed / 1 bath $550/month $6,600/year
  • Building 2
  • Unit 2: 1 bed / 1 bath $550/month $6,600/year
  • Building 3
  • Unit 3: 1 bed / 1 bath $550/month $6,600/year
  • Building 4
  • Unit 4: 1 bed / 1 bath $550/month $6,600/year
  • Building 5
  • Unit 5: 1 bed / 1 bath $550/month $6,600/year
  • Building 6
  • Unit 6: 1 bed / 1 bath $550/month $6,600/year
  • Building 7
  • Unit 7: 1 bed / 1 bath $550/month $6,600/year
  • Building 8
  • Unit 8: 1 bed / 1 bath $550/month $6,600/year
  • Building 9
  • Unit 9: 1 bed / 1 bath $550/month $6,600/year
  • Total $6,600/month $79,200/year
  • Expenses
  • Property Taxes $645/month $7,744/year
  • Water and Sewer $450/month $5,400/year
  • Waste Collection $170/month $2,040/year
  • Insurance (estimated) $350/month $4,200/year
  • Maintenance reserve $200/month $2,400/year
  • Lawn care $30/month $360/year
  • Total $1,845/month $22,144/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Share Listing

Contact Property Agent

You need to have an account to send an inquiry.

Log In Register
Copyright by Real Pro, Inc 2022 . All Rights Reserved.