3440 VILLA RIDGE Peoria, IL 61604 CLS #PA1252264
$575,000 8460 Total Sq. Ft. 8460 Available Sq. Ft.
Available for Purchase.
This fully leased, 8 unit apartment building can generate new owners immediate cash flow, with room for rent increases. Located at the end of a quiet cul de sac, this apartment complex has many updates (roof) and is consistently fully leased. There are 7 units that are 2 bedroom/1 bathroom and one unit (3442 Villa Ridge) that is a 3 bedroom, 2 bathroom unit. 5 of the 7 units that are 2 bedroom and 1 bathroom have been recently renovated (see video walkthrough). Tenants each pay their own Ameren gas and water meters, as well as $25 per month for water (1 water/sewer meter). There is ample parking as well as a fenced in court area and land that would provide an excellent opportunity for building an additional apartment complex, covered parking, pickleball courts or storage spaces. Video Tour of Vacant Unit (2bed/1bath) from 08/01/2024 - https://youtu.be/9ziaREZ0k4U.
Listing Features
Type: Land, Building Zoning: R6 County: Peoria Water/Sewer: Public Sewer Total Sq. Ft.: 8460 Year Built: 1976 Directions: Molleck Dr. to Villa Ridge

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals.

This listing compliments of
Re/Max Traders Unlimited
Last Updated on 12/12/2024 8:17:05 AM