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Description
101 N Rose Street (Elm Haven Place) in the heart of Elmwood, Illinois is a 20,000+ SF multifamily property that consists of 22 units laid out across two floors. Each floor features modern, efficient floor plans designed to appeal to long-term tenants. The buildings thoughtful design, affordability and quality relative to the local market have helped drive strong leasing performance and low turnover rate. Elmwood is a tightly held, supply-constrained rental market with limited availability of quality multifamily housing. Demand is driven by a stable population base, local employment, and the area's overall affordability. Elm Haven Places central location within the community and walkable access to daily needs make it one of the more desirable residential options in the market. The lack of comparable product in the immediate area positions the asset well for long-term retention and rent growth.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Available Sqft: 20433
General Information
County: Peoria
Listed By:
RE/MAX Traders Unlimited
Pref: 309-323-0399
RMLSA
MLS ID: PA1260320
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101 N Rose Street, Elmwood, IL 61529.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $2,995,000 | $2,995,000 | $2,995,000 |
| Down Payment | $104,825 | $0 | $599,000 |
| Monthly Mortgage Amount | $17,396 | $18,097 | $13,982 |
| Taxes | $4168 | $4168 | $4168 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,796 | $0 | $0 |
| Monthly Estimated Total | $24,234 | $23,139 | $19,024 |