318 S STERLING AVE #11 Active Save Request In-Person Tour Request Virtual Tour
Peoria,IL 61604-6073
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $80
Subdivision Golf View
MLS Listing ID PA1255469
Originating Board rmlsa
Annual Tax Amount $13,423
Tax Year 2023
Lot Size 0.630 Acres
Acres 0.63
Lot Dimensions 145 x 188
Property Sub-Type Residential Income
Property Description
LOOKING TO STEP UP YOUR PORTFOLIO? HIGHLY SORT AFTER 11 UNIT BUILDING. LOVELY VIEWS OF MADISON GOLF COURSE. GENEROUS APTS W/ IDENTICAL FLOOR PLANS. 1100 SQ FT ALL 3 BEDROOM UNITS 1.5 BATHS. OVERSIZED MASTERS W HALF BATH. DINING OPEN TO GALLEY KITCHEN. QUAINT BRICK FIREPLACE (DECORATIVE ONLY) LARGE LIVING ROOM W BALCONIES. PARKING GARAGE IS CURRENTLY AN ADDITIONAL COST NOT INCLUDED IN CURRENT RENT. FRONT & BACK PARKING LOTS W SECURED ENTRANCES. LAUNDRY ROOM W 2 NEW COIN OPERATED WASHER & DRYERS INCLUDES 11 PRIVATE SECURED STORAGE UNITS. THIS BUILDING IS PHA APPROVED. ROOF 2018. 12 METERS SO WATER COULD BE PAID BY TENANTS, CURRENTLY OWNER PAYS. 8.0% CAP RATE AT 35% FOR EXPENSES. 2 UNITS ARE CURRENTLY VACANT AND WILL NEED SOME UPDATES. POTENTIAL OF WELL OVER 10% CAP W COMPLETION OF LAST 2 UNITS.
Location
State IL
County Peoria
Area Paar Area
Zoning R7
Direction Sterling at Madison Golf Course
Rooms
Basement None
Interior
Heating Forced Air,Gas,Central Air
Fireplace N
Laundry Common Area,Owned Equipment
Exterior
View true
Roof Type Shingle
Street Surface Paved
Total Parking Spaces 22
Garage 1
Building
Lot Description Golf Course View,Level
Faces Sterling at Madison Golf Course
Unit Features [{\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"1\",\"UnitTypeActualRent\":1150,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"Y\",\"RMA_NumberCovered\":\"1\",\"UnitTypeKey\":\"RMA1378427Group_1\"},{\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"1\",\"UnitTypeActualRent\":1048,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"Y\",\"RMA_NumberCovered\":\"1\",\"UnitTypeKey\":\"RMA1378427Group_2\"},{\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"1\",\"UnitTypeActualRent\":1050,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"Y\",\"RMA_NumberCovered\":\"1\",\"UnitTypeKey\":\"RMA1378427Group_3\"},{\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"1\",\"UnitTypeActualRent\":1200,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"Y\",\"RMA_NumberCovered\":\"1\",\"UnitTypeKey\":\"RMA1378427Group_4\"}]
Foundation Slab
Water Public Sewer,Public
Structure Type Brick,Wood Siding
New Construction false
Schools
High Schools Manual
Others
Tax ID 18-07-401-004