421 KNOXVILLE Street, Brimfield, IL, 61517
eXp RealtyBasics
- Date added: Added 16 hours ago
- Category: Commercial
- Type: Commercial Sale
- Status: Active
- ListOfficeName: eXp Realty
- ListAOR: rmlsa
- MLS ID: RMAPA1265003
Description
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Description:
Cash-flowing 4-unit property with commercial zoning — a strong investment opportunity located at the entrance of Brimfield, IL. Situated in Peoria County within the Brimfield School District, this property offers stable income with clear upside potential. The fourplex sits on 0.52 acres (per Peoria County records) and benefits from low property taxes relative to its income production. The unit mix includes two 2-bedroom units and two 1-bedroom units, appealing to a wide tenant base. Current revenue is consistent, with additional income potential through rent increases and operational improvements. On-site laundry generates approximately $350/month, creating an added revenue stream. The property features a private parking lot and private driveway, providing plenty of parking for all tenants. Value-add opportunities include paving the parking lot and driveway to further enhance tenant appeal and long-term value. Located in a small-town setting with a short drive to nearby city amenities, tenants enjoy peaceful surroundings alongside local conveniences. Highlights: -Income-producing 4-unit property (fourplex) -Commercial zoning for flexible future use -Two 2-bedroom units & two 1-bedroom units -Stable income with potential to increase rents -Laundry income (~$350/month) -0.52-acre lot (per county records) -Private parking lot & private driveway -Plenty of tenant parking -Value-add opportunity with paving improvements -Low taxes for the asset class -Low-turnover rental area
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Location
- CountyOrParish: Peoria
- Directions: Cash-flowing 4-unit property with commercial zoning at the entrance of Brimfield, IL. Located in Peoria County within the Brimfield School District, offering consistent rental income, low turnover, ample parking, and a private driveway — stable cashflow.
Building Details
- NewConstructionYN: No
- Heating: Individual Unit, Other
- Exterior material: Frame, Vinyl Siding
- Roof: Composition Shingle
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Cooling: Multi Units, Wall/Window Unit(s)
