2405 N SHERIDAN RD Active Save Request In-Person Tour Request Virtual Tour
Peoria,IL 61604
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 4,100 sqft
Price per Sqft $67
Subdivision Altamont Park
MLS Listing ID PA1255182
Year Built 1925
Annual Tax Amount $2,231
Tax Year 2023
Property Sub-Type Residential Income
Property Description
4 Apartments total. Unit 1 is a main level and Unit 2 is an upper unit these are the same floor plan. Each has 3 bedrooms with 1 bath offering large living room and dining room. 1300 square feet each these Apartments are spacious and have natural woodwork and wood floors. Unit 3 is a 1 bedroom with its own private entrance off the back side and Parking in back. Unit 4 is a studio this unit has street front, lower level entrance. This Brick property has all new windows. Roof was done in 2015 and is well maintained. Fully rented. Monthly income is $3075. Annual income $36,900. At the ask price this is a 7.7% cap rate calculated with 35% in expenses. Currently the owner pays water. Tenants pay their own Gas and Electric. Tenants rights will need 24- 28 hours to confirm showings. Currently has single person management team. Leases and rent rolls available.
Location
State IL
County Peoria
Area Paar Area
Interior
Heating Gas
Laundry Common Area
Exterior
View true
Roof Type Shingle
Building
Lot Description Level
Water Public Sewer,Public
Structure Type Brick
New Construction false
Schools
High Schools Peoria High