Underhill Apartments | 1119 N Underhill St
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Underhill Apartments 1119 N Underhill St
20 Unit Block of Flats £1,202,250 (£60,113/Unit) 7.73% 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
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,202,250 | Apartment Style | Low Rise |
| Price Per Unit | £60,113 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Net Initial Yield | 7.73% | Building Size | 20,502 SF |
| Gross Rent Multiplier | 6.26 | Average Occupancy | 95% |
| No. Units | 20 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1917 |
| Property Subtype | Apartment | Parking Ratio | 6/1,000 SF |
| Price | £1,202,250 |
| Price Per Unit | £60,113 |
| Sale Type | Investment |
| Net Initial Yield | 7.73% |
| Gross Rent Multiplier | 6.26 |
| No. Units | 20 |
| Property Type | Residential |
| 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 | - | - |
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 18-05-401-035 | Improvements Assessment | £126,204 (2023) |
| Land Assessment | £17,072 (2023) | Total Assessment | £143,276 (2023) |
PROPERTY TAXES
Parcel Number
18-05-401-035
Land Assessment
£17,072 (2023)
Improvements Assessment
£126,204 (2023)
Total Assessment
£143,276 (2023)
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Underhill Apartments | 1119 N Underhill St
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