3440 Villa Ridge Rdg Peoria, IL 61604
8,460 Sq. Ft. / 171,626 Sq. Ft., 3.94 acres lot size / Other
Status: Sold
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This fully leased, 8 unit apartment building can generate new owners immediate cash flow, with room for rent increases. Located at the end of a quiet cul de sac, this apartment complex has many updates (roof) and is consistently fully leased. There are 7 units that are 2 bedroom/1 bathroom and one unit (3442 Villa Ridge) that is a 3 bedroom, 2 bathroom unit. 5 of the 7 units that are 2 bedroom and 1 bathroom have been recently renovated (see video walkthrough). Tenants each pay their own Ameren gas and water meters, as well as $25 per month for water (1 water/sewer meter). There is ample parking as well as a fenced in court area and land that would provide an excellent opportunity for building an additional apartment complex, covered parking, pickleball courts or storage spaces. Video Tour of Vacant Unit (2bed/1bath) from 08/01/2024 - https://youtu.be/9ziaREZ0k4U.
property details
Type
Other
Status
Closed
County
Peoria
Year Built
1976
Sq. Ft.
8,460
Lot Size
171,626 Sq. Ft., 3.9 acres
Listing Id
PA1252264
Courtesy Of
Jessica Ball - RE/MAX Traders Unlimited Cell: 309-363-2929
List Office Phone
+1 309 687 5000
Interior Features
Flooring
Concrete
Carpet
Carpet
Living Area Units
Sq. Ft.
Exterior Features
Lot/Land Description
Cul-De-Sac
Irregular Lot
Irregular Lot
Parking Spaces
16
Utility & Building Info
Sewer
Public Sewer
Parcel Number
13-25-451-011
Cooling
Central Air
Heating
Gas Heat
Forced Air
Forced Air
Tax Amount
9547
Building Area Total
8,460 Sq. Ft.
Price Per Sq Ft
$68
Architectural Style
Other
Copyright 2020 RMLS Alliance, LLC
Price History
| date | event | price | source |
|---|---|---|---|
|
02/03/2025
02/03/2025
|
Sold |
$560,000
|
RMLS Alliance (RMLSA) |
|
12/18/2024
12/18/2024
|
Pending |
$575,000
|
RMLS Alliance (RMLSA) |
|
11/05/2024
11/05/2024
|
Active |
$575,000
|
RMLS Alliance (RMLSA) |
|
08/23/2024
08/23/2024
|
Pending |
$575,000
|
RMLS Alliance (RMLSA) |
|
08/06/2024
08/06/2024
|
Active |
$575,000
|
RMLS Alliance (RMLSA) |
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Market Trends
Source: Constellation1
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