1211 W Merle Ln, Peoria, IL, 61604

1211 W Merle Ln Peoria, IL 61604

1211 W Merle Ln, Peoria, IL, 61604
1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604 1211 W Merle Ln, Peoria, IL, 61604
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$500,000
Last Verified:
Jul 16, 2024

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Highlights

  • (6) 1-bedroom 1-bath units
  • 100% Occupied
  • Units have all be recently remodeled
  • Shared laundry room on site
  • Covered parking in rear
  • Each unit is individually metered
  • Minimal ownership maintenance

Description

Newly remodeled and fully leased investment opportunity.

Located off N. University near the intersection of War Memorial (Rt. 150) & University St. This area is surrounded by established residential neighborhoods with a generous mix of retail & office within walking distance. Located less than a mile from interstate access for quick travel.

Building Size: 3000sq ft
Lot Size: 0.18 acres


Documents

1211 Merle

Map of 1211 W Merle Ln, Peoria, IL, 61604

Presented by:
Maloof Commercial Real Estate Company

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Miller Jason


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.