1304 Royal Ave, Pekin, IL 61554 (Peoria)

1304 Royal Ave, Pekin, IL 61554

(in Peoria, IL) 

[Start Here] Explainer Video: 

(coming soon)

Price: $28,500 

3 Bed, 1.5 Bath, 1,588 sq ft

(Zillow is wrong) (Kayla confirmed, and believes its 1800-2000 SqFt)

Kayla photo and video walkthrough: 

https://photos.app.goo.gl/16LixoFZmwYbRAoN9

See Kayla’s notes below

Slow Flip Numbers: 

$1,150/month, $3000 down, $99,000

Taxes are $72/month and insurance is $35-40 so $110 total

Net would be $1000 +  a month

Rent Comps at $1,300/month 

ARV $150,000

Realtor Estimate $91,000

Details:

Vacant

Last Occupancy: A few months ago

Roof around 5-10 years. All shingles in place

Hot Water Tank 3 years and big

Central Heat and Central air. Central AC unit available and works well

Furnace is older 

Mechanicals in good condition

Attic access available, roof was thoroughly inspected – no leaks!

Detached 2-car garage- Perfect for a big family

From Kayla, our trusted Boots on the Ground: 

“This place is incredible. It’s got a ton of potential. Roof is in great condition, the video shows the second floor/attic area it doesn’t have any holes in the roof or anything that would be worrisome

I’m unsure what to make of the dirt in the basement. It usually comes in from crawl spaces. I think it’s coming in because that window isn’t properly sealed off. If you do that it might fix the issue

I would say it’s a solid 2 bed but could be a third. There is an area that could be a third bedroom if a wall is installed

I would say it’s much bigger than 1500 sq

Yeah I’d say it’s probably closer to 1800 sq maybe even closer 2000″