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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
18
Photos
4
beds
3
baths
2,756
sqft
Built in
1930
Incredible Investment Opportunity: Profitable Sober Living Home or can be used as business in 1st Flr & residence in 2nd Flr! Are you seeking an excellent investment opportunity? Look no further! This property presents a unique chance to own & operate a successful sober living home, offering a potentially substantial return on investment. The current setup allows for housing up to 7 tenants, with the potential to earn $600 per month per tenant. This is an exceptional income opportunity in itself, with $4,200 monthly potential revenue. With some strategic upgrades, including the addition of a sprinkler system, you can expand into the third floor. This expansion would enable you to accommodate up to 14 tenants, effectively doubling your income potential to an impressive $8,400 per month. Within the past two years, the property has undergone significant renovations. These updates include three revamped bathrooms and two new kitchens, ensuring your tenants will enjoy modern & comfortable living spaces. The property's interiors have been recently painted, new roof, updated plumbing & electrical systems, water heater, doors & windows, new flooring & 4 car concrete driveway. This property represents an outstanding opportunity to invest in a business with real earning potential. Whether you're looking to capitalize on the existing setup or expand to maximize returns, this investment property is worth serious consideration. Don't miss your chance to explore this promising investment
Features & Amenities
Interior
- Appliances:
- Other, Range/Oven, Refrigerator
- Basement:
- Unfinished
- Heating:
- Gas
- Fireplace:
- Fireplaces: 1
Exterior
- Style:
- Two Story
- Parking:
- Attached, Parking Garage
Construction
- Roofing:
- Shingle
- General:
- Two Story, Block
Location
- Road/Access:
- Curbs & Gutters
- Originating MLS:
- rmlsa
- County:
- Peoria
Lot
- Zoning:
- EDWARDS ADD SW 1/4 SEC 34-9N-8E LOT 7 BLK 15, 14-34-327-009
Utilities
- Water:
- Public Sewer,Public
Financial
- Source:
- rmlsa
- Buyers Agent Compensation:
- 3
This listing courtesy of:
Keller Williams Premier Realty, Venky Basam
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Peoria, IL
Housing
- Number of Units
- 60,936
- Median Home Value
- $132,568
- Median Rent
- $648
40.50% of housing units are renter occupied.
12.30% are vacant.
Commute
- Car
-
77.78%
- Public Transportation
-
1.86%
- Walk to Work
-
1.62%
- Work from Home
-
17.90%
- Other
-
0.42%
The median travel time to work is 16 minutes.
People
- Population
- 125,968
- Median Age
- 38.30
- Median Household Size
- 2.38
Education
- High School
-
28.71%
- Associate’s Degree
-
8.97%
- Bachelor’s Degree
-
17.93%
- Graduate Degree
-
12.34%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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