1001 Moss AvePeoria, IL 61606-0000

For Sale
$440,000

Five-unit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional five-unit apartment building presents a compelling investment opportunity in Peoria, Illinois. Located at 1001 W Moss Avenue, this property boasts a prime location within the 61606 zip code. The building, a historically significant home converted into apartments, offers a blend of character and modern convenience. The five units comprise a diverse mix of layouts: one first-floor one-bedroom, one-bathroom unit currently renting for $975; a second first-floor one-bedroom, one-bathroom unit renting for $650; a second-floor one-bedroom, one-bathroom unit renting for $950; another second-floor one-bedroom, one-bathroom unit renting for $795; and a third-floor two-bedroom, one-bathroom unit commanding $995 in monthly rent. Laundry facilities are conveniently located within the basement for two units and in-unit for the remaining three. The property also features recently renovated front and back porches with new concrete. Ample parking is available with ten spaces, accessible via a shared front drive and rear alley. This property is offered at an asking price of $440,000 and presents a strong potential for immediate cash flow and long-term appreciation. The combination of attractive rental income, convenient location, and recent improvements makes this a truly remarkable investment opportunity.

Highlights

  • $440,000 asking price.
  • Five-unit multifamily property (duplex/triplex/quadruplex) in Peoria, IL.
  • Located at 1001 W Moss Avenue, Peoria, IL 61606.
  • Historic home converted into five apartments.
  • Ten parking spaces with shared front drive and rear alley access.

Property Details for 1001 Moss Ave

Property type
Multifamily properties, Apartment buildings
Units
5

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.6974655
Longitude
-89.6133926
1001 Moss Ave, Peoria, Illinois

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1001 Moss Ave
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