Peoria IL Single Family 5 Pack

Peoria, IL Stabilized 5-Pack, Peoria, IL

$190,000

Price

711 sqft

Building Size

100%

Occupancy

Overview
Building Size
711 sqft
Occupancy
100%
Units
5
Description

Nathan Steinwedel of KW Commercial and The Bryson Smith Team are pleased to present this solid single-family investment portfolio. This portfolio contains 5 single-family residences that are all occupied and no deferred maintenance. Offered at an attractive 12.5 CAP rate, these are a turnkey investment to add to your portfolio. Please contact Nathan Steinwedel at (309)643-9189 or Nathan@KWCommercial.com for more information.

Peoria Illinois is part of the Greater Peoria Metro Area consisting of a total population in excess of 360,000. Home to the University of Illinois College of Medicine, OSF, Proctor, Unity Point hospitals, and many more innovative and cutting edge medical facilities such as the Illinois Cancer Center. More than 26% of the workforce is employed by the medical community. OSF is a world leader in medical technology and training and houses the JUMP training center in downtown Peoria. In 2018, USA Today listed Peoria as the 22nd most innovative city in the United States based on the number of patents granted and 30% of the adult population with at least a bachelors degree. Beyond the medical field, Peoria has a rapidly expanding revitalization of the Warehouse District just South of the Downtown area. This is generating new small businesses and bringing in significant outside investments. This has also been a significant investment put into the Riverfront area generating a hub of entertainment such as festivals, concerts, dining, and more. Peoria is also home to RLI, Bradley University, and host of significant other top performing businesses. Caterpillar having moved its top 300 executives out of the area, still maintains a large portion of its manufacturing, engineering, and research in the area. Caterpillar has also renovated its cooperate offices in the downtown area in the last year signaling no intention to move any further jobs out of the area.

Highlights
  • Located in the City of Peoria
  • No deferred maintenance
  • 100% Occupancy
  • Very attractive 12.5 CAP rate
Documents
Title
1490193

Location