Description
4-unit, 2-story apartment building located in the heart of Elmwood just one block off the square, offering a prime location with strong rental appeal. This fully occupied property provides immediate income and features a solid layout with all units currently leased. Recent updates include a newer furnace and two water heaters, helping reduce future capital expenses. Situated in a convenient, walkable area close to local shops, dining, and amenities, this property presents a great opportunity for investors looking to add to their portfolio or for those seeking a value-add property with upside potential.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Peoria
High School: Elmwood
Subdivision: None
Listed By:
Move Smart Realty
RMLSA
MLS ID: PA1265170
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503 W Main Street, Elmwood, IL 61529.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $148,000 | $148,000 | $148,000 |
| Down Payment | $29,600 | $5,180 | $37,000 |
| Monthly Mortgage Amount | $700 | $871 | $907 |
| Taxes | $206 | $206 | $206 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $65 | $0 |
| Monthly Estimated Total | $1,006 | $1,242 | $1,213 |