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Listed by Jessica Ball • RE/MAX Traders Unlimited
$1,444,600
Est. payment /mo
32,154 SqFt
Price Dropped by $235K
1310 E SAMUEL AVE #2A 2C 2F 3D Peoria Heights, IL 61616
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 32,154 sqft
Price per Sqft $44
MLS Listing ID PA1252488
Originating Board rmlsa
Year Built 2023
Annual Tax Amount $33,988
Tax Year 2023
Property Sub-Type Commercial
Property 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.
Location
State IL
County Peoria
Area Paar Area
Direction From Prospect, East on Samuel
Interior
Heating Electric, Forced Air
Cooling Central Air
Flooring Carpet, Tile/Vinyl, Wood
Fireplace N
Exterior
View true
Roof Type Composition,Metal
Garage 1
Building
Faces From Prospect, East on Samuel
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Masonry
Others
Tax ID 14-22-409-004
Security Features Yes