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1310 E Samuel Avenue - Condo Package 1310 East Samuel Avenue, Peoria Heights, IL 61616
Residential - Income
Property Description
The O’Bryan & Ball Team has been exclusively retained to sell Units 2A, 2C, 2F, and 3D at the brand-new condo development at 1310 E Samuel Avenue (the “Property) in Peoria Heights, IL.
Luxury condo unit with lease already in place! New, low maintenance condo units where tenants enjoy amenities right outside their front door. These luxury condos are just steps away from a coffee shop, casual and fine dining restaurants, retail boutiques, ice cream shop, rooftop bar, brew pubs with outdoor entertaining and a village park with community events. Just a few blocks away is access to the Rock Island Trail for biking/running/walking and the trail can be taken to the Junction City Shopping Center and Keller Station for more amenities, shopping, food and the seasonal farmer’s market. The trailhead for the more challenging hike of Pimiteoui Trail at Detweiller Park is just 0.4 mile away. The condo building has an ADA entrance, elevator, security system, cameras, as well as heated garage parking options with extra storage or work bench area and rough-ins for electric car charger already in place. Units are stunning with custom cabinetry, open floor plan, 9 ft ceilings and a grand french door leading to the deck for entertaining or just enjoying the outdoors.
Area Description
Condos are steps away from restaurants, boutiques & amenities in Peoria Heights. Nearby destinations include rooftop bars, Tower Park, Rock Island Trail (26 miles long), Junction City Shopping Center & Kellar Station, and Country Club of Peoria.
Highlights
- 4-Unit Residential Condo Package
- 2021 New Construction Building
- Seller financing available with preferable rates and terms.
Full Address: 1310 East Samuel Avenue, Peoria Heights, IL 61616
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 75
Building Class: A
Zoning: R
Region: M-EN
Use Type: Residential Condos
Property ID: 4064908
Building Sf: 5587
Parcel Num: 14-22-409-004, 007, 005, 008
Number Units: 4
Number Buildings: 1
Year Built: 2021
Free Standing: Yes
Cap Rate: 7.92
Tenancy Type: Multi-Tenant
Average Monthly Rent - 2Bed / 2 Bath Condo: 3500
Average Monthly Rent - 2Bed / 2 Bath Condo: 3325
Average Monthly Rent - 2Bed / 2 Bath Condo: 3500
Average Monthly Rent - 2Bed / 2 Bath Condo: 3075
Cash Flow Type: Actual
Cf Op Expenses: 38230
Cf Pre Tax: 148548
Cf Effective Gross: 152760
Cf Year: 2024
Cf Sched Income: 160800
Cf Net Op Income: 114380
Cf Vacancy: 5