705-707 West Versailles Drive

Peoria, IL 61614

$350,000
Price
Beds
3,240 Sq. Ft.
$108 / Sq. Ft.
3,240
Sq. Ft.
$108
per Sq. Ft.

Description

This well-maintained townhouse duplex is a high-performing asset, perfect for investors seeking consistent revenue. Both units are currently occupied, ensuring immediate and reliable cash flow from day one. With a layout designed to attract and retain tenants, this property caters to long-term renters and short-term rental opportunities alike. Minimal maintenance requirements and essential tenant amenities make this an ideal income-generating asset. Positioned in a desirable area with steady rental...This well-maintained townhouse duplex is a high-performing asset, perfect for investors seeking consistent revenue. Both units are currently occupied, ensuring immediate and reliable cash flow from day one. With a layout designed to attract and retain tenants, this property caters to long-term renters and short-term rental opportunities alike. Minimal maintenance requirements and essential tenant amenities make this an ideal income-generating asset. Positioned in a desirable area with steady rental demand, this duplex offers excellent potential for continued profitability and portfolio growth. Capitalize on this turnkey investment and start reaping the rewards of a strong, stable income stream today.
  1. Listed by Venky Basam • Keller Williams Premier Realty • Cell: 309-213-1742

Property Details for 705-707 West Versailles Drive

Parking Total
8.0
Subdivision Name
Versailles Garden
LISTING UPDATED: 12/18/2024 02:01 PM

Property Details for 705-707 West Versailles Drive

StatusActive
MLS #PA1255090
Days on Market1
Taxes$9,152 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1968
Lot Size-
CountyPeoria County

Building Information for 705-707 West Versailles Drive

Stories-Residences2Year Built1968Building Size-Lot Size-

Property Information for 705-707 West Versailles Drive

Summary
Location and General Information
  • City: Peoria
  • County Or Parish: Peoria
  • Directions: Off Pioneer Parkway, go S on Knoxville, R on Versailles
  • Latitude: 40.778108
  • Longitude: -89.603071
  • MLSArea Minor: PAAR Area
  • Postal Code: 61614
  • State Or Province: IL
  • Zoning: Residential
Taxes and HOA Information
  • Parcel Number: 14-08-277-005
  • Tax Annual Amount: $9,152
  • Tax Legal Description: VERSAILLES GARDENS NE 1/4 SEC 8-9-8E LOT 1
  • Tax Year: 2024
School Information
  • High School: Richwoods
Parking
  • Parking Features: Attached, Guest Parking, On Street
Property
Lot Information
  • Structure Type: Duplex
  • Building Area Total: 3240.0
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 148X149X148X150
  • Number Of Units Total: 2
  • 100 Year Plain: No
  • Road Surface Type: Curbs & Gutters, Paved
Property and Assessments
  • Documents Available: Other
  • Foundation Details: Block
  • New Construction: No
  • Year Built: 1968
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 2
  • Number Of Gas Meters: 2
  • Numberof Water Meters: 2
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Fence
  • Roof: Shingle
  • Construction Materials: Brick Partial, Wood Siding
Interior Features
  • Basement: Finished, Full
  • Heating: Forced Air, Gas Water Heater
  • Interior Features: Cable Available, Garage Door Opener(s)
  • Laundry Features: Owned Equipment
  • Number Of Central Air Units: 2
  • Number Of Heating Units: 2
  • Number Of Water Heaters: 2
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $40,800
  • Gross Scheduled Income: $40,800
  • Insurance Expense: $2,064
  • Maintenance Expense: $0
  • Manager Expense: $2,856
  • Net Operating Income: $26,728
  • Operating Expense: $4,920
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: Y
  • Full Baths: 2
  • Half Baths: 1
  • Number Covered: 2
  • Number Parking: 4
  • Number Uncovered: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: Y
  • Full Baths: 2
  • Half Baths: 1
  • Number Covered: 2
  • Number Parking: 4
  • Number Uncovered: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
Rental
Rent Information
  • Lease Term: 1 Year, Month-to-Month
  • Tenant Pays: All Utilities

Property History for 705-707 West Versailles Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 705-707 West Versailles Drive

This home is within Peoria School District 150.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Kellar Primary School
PublicK to 4

Charles A Lindbergh Middle School
Public5 to 8

Richwoods High School
Public9 to 12

Diploma Degree North Campus
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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705-707 West Versailles Drive is a multi-family home for sale in Peoria, IL 61614. This property was listed for sale on December 17, 2024 by Keller Williams Premier Realty, it's currently listed at $350,000. It has been on the market for a total of 1 days and was last sold on October 7, 2021. This listing's school district is Peoria School District 150. Nearby schools include Kellar Primary School, Charles A Lindbergh Middle School and Richwoods High School. 705-707 West Versailles Drive is a 0-bed, 0-bath, 3,240 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Premier Realty

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