Underhill Apartments 1119-1201 N Underhill St
20 Unit Block of Flats £1,158,838 (£57,942/Unit) 8.01% Net Initial Yield Peoria, IL 61606
INVESTMENT HIGHLIGHTS
- Value Add Opportunity by Completing Remaining Renovations
- Six Minute Walk to Bradley University
- Attractive Unit Mix Comprised of One, Two, Three and Four Bedroom Units
EXECUTIVE SUMMARY
20 Unit Value Add Opportunity | Walking Distance to Bradley University
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | £1,158,838 |
| Price Per Unit | £57,942 |
| Sale Type | Investment |
| Net Initial Yield | 8.01% |
| Gross Rent Multiplier | 6.26 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 20,502 SF |
| Average Occupancy | 95% |
| Number of Floors | 3 |
| Year Built | 1917 |
| Parking Ratio | 6/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 9 | - | - |
| 4+1 | 1 | - | - |
1 of 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 18-05-401-035 | Improvements Assessment | £124,482 (2023) |
| Land Assessment | £16,839 (2023) | Total Assessment | £141,321 (2023) |
