714-716 Underhill St Peoria, IL 61606

Property Details for 714-716 Underhill St

Property size

14,694 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity encompasses six properties totaling seven rental units, strategically located near Bradley University in Peoria, Illinois. The combined square footage is 14,694 square feet, offering a substantial rental income stream. All seven units are currently leased through May 2026, providing immediate cash flow and minimizing vacancy risk for a new owner. The properties boast a proven track record of strong performance, demonstrating their consistent appeal to tenants. The current owner-managed status is reflected in the excellent condition of the units, indicating meticulous upkeep and attention to detail. While appliances are sold "as is," the overall condition suggests minimal immediate capital expenditure requirements. This portfolio presents a turnkey investment ideal for expanding an existing portfolio or for a new investor seeking a readily profitable venture. The proximity to Bradley University ensures a consistent demand for student housing, further solidifying the long-term investment potential. This is a rare opportunity to acquire a well-established, high-performing multi-family portfolio with significant upside potential. The properties are situated at 714-716 N Underhill Street, Peoria, IL, and are offered at $600,000. This price reflects the exceptional value and immediate return on investment this portfolio provides.

Location Insight

City

Peoria

County

Peoria

State

Illinois

Longitude

-89.6117

Latitude

40.696