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415 N Town Avenue Princeville, IL 61559 Multi Unit - Multiple Active Under Contract

  • 415 N Town Avenue, Princeville, IL 61559 Main Photo

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Description

Exceptional investment opportunity in Princeville featuring a well-maintained quadplex loving owned & cared for by the same family since 1973! Pride of ownership is evident throughout this property that offers 4 fully occupied units in an outstanding location directly across from both the grade school & high school making it highly desirable for tenants seeking convenience & small-town living w/quick access to Peoria & Galesburg. Each unit offers approx. 950 finished sq ft of living space w/an excellent flr plan featuring 2 BR 1 full BA, generously sized family rm, comfortable BR spaces & back patios for outdoor enjoyment. All 4 units include attached garage w/electric opener plus additional storage areas located at the back of each garage. The 2 interior units offer partial unfinished basements complete w/laundry hookups & additional storage potential. The 2 exterior units feature crawl spaces w/convenient laundry hookups located in a temp. controlled space at the back of garage. These units have consistently been maintained as smoke-free & pet-free residences resulting in exceptionally clean & well cared for interiors throughout the years. Investors will appreciate the strong rental history & the fact that all units are currently occupied. Additional major improvement is new roof, gutters, & downspouts in '25. A rare opportunity to own a clean, solid, income-producing multi-family property w/excellent opportunity for future income growth & increased return on investment.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Peoria
High School: Princeville
Subdivision: Mar Kay
Listed By:
RE/MAX Traders Unlimited
RMLSA
$389,000
Est. $2,545/mo
Active Under Contract
BEDS0 BATHS0 MLS#PA1266313
STATUSActive Under Contract PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMar Kay SCHOOLPrinceville

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Ruhl&Ruhl Realtors
563.441.1776

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415 N Town Avenue, Princeville, IL 61559.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $389,000$389,000$389,000
Down Payment $77,800$13,615$97,250
Monthly Mortgage Amount $1,891$2,352$2,403
Taxes $541$541$541
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$171$0
Monthly Estimated Total $2,545$3,177$3,057

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