905 Sheridan RdPeoria, IL 61606

This exceptional investment opportunity presents two well-maintained apartment buildings located at 905 and 911 N Sheridan Rd, Peoria, IL, 61606. The portfolio comprises a total of 16 units situated on a 0.68-acre lot, zoned for residential use. The buildings, each two stories high, offer a mix of unit sizes: ten two-bedroom, one-bathroom units and six one-bedroom, one-bathroom units. The combined square footage totals 6,900 square feet, with a current occupancy rate of 75%. The property boasts a strong net operating income (NOI) of $68,236, resulting in an attractive 8.03% capitalization rate. The asking price is $850,000, translating to $53,125 per unit and $123.19 per square foot. Professional property management is currently in place, and tenants are responsible for the majority of their utilities. This stabilized investment is being sold as a single package and is not available for individual building purchases. The property's APN is 18-05-481-011/18-05-481-008. This is a rare opportunity to acquire a well-performing multifamily portfolio in a desirable Peoria location.