Multifamily

Kingston & Kingsway Apartments

Listing Price: $3,600,000

Cap Rate
7.03%
Number of Units
96
GRM
5.36
Occupancy
90.00%
Price/Unit
$37,500
Price/Gross SF
$49.52
Gross SF
72,700

Investment Overview

Kingsway and Kingston Apartments are located in Peoria, Illinois, the largest city on the Illinois River. Both properties are situated only a short distance from Northwoods Mall, the largest shopping mall in the Tri-county area, featuring more than 90 unique stores, restaurants and other entertainment options. They are situated in quiet residential area's with strong demographics and convenient access to Interstate 74 and local transportation.

Peoria is best known as home to the world headquarters of Caterpillar (NYSE: CAT). The city also has three major hospitals: OSF Saint Francis Medical Center, Unity Point Health Methodist, and Unity Point Health Proctor. In addition, the Children's Hospital of Illinois, the University of Illinois-College of Medicine at Peoria, and the Midwest Affiliate of St. Jude Children's Research Hospital are located in the city. Peoria is also home to an array of educational opportunities such as Bradley University, with an enrollment of approximately 6,000 students. Other Peoria area colleges include Illinois Central College, and Midstate College.

Investment Highlights

  • 96 Total Units: Two 48-Unit Complexes; Within Five-Miles of One Another
  • Kingsway: All Units Recently Renovated with Newer Appliances and Flooring
  • Kingston: 80 Percent of the Units Feature Newer Appliances and Flooring
  • Several Floor-Plan Options for Spacious One and Two-Bedroom Apartments
  • Features On-Site Laundry Facilities, 24-Hour Emergency Staff and Ample Parking
  • Can be Purchased Separately or Collectively with Haymeadow Apartments

Exclusively Listed By

  • Scott D. Harris

    Senior Managing Director Investments

    (630) 570-2220

    Email Scott

    License(s): IA: S58247000, WI: 15869-090, IN: RB14049474, IL: 475.139778

    Chicago Oak Brook

  • Bryan W. Kunze

    Senior Associate

    (630) 570-2239

    Email Bryan

    License(s): IL: 475.162316

    Chicago Oak Brook

Multifamily

Kingston & Kingsway Apartments

Listing Price: $3,600,000

Cap Rate
7.03%
Number of Units
96
GRM
5.36
Occupancy
90.00%
Price/Unit
$37,500
Price/Gross SF
$49.52
Gross SF
72,700

Investment Highlights

  • 96 Total Units: Two 48-Unit Complexes; Within Five-Miles of One Another
  • Kingsway: All Units Recently Renovated with Newer Appliances and Flooring
  • Kingston: 80 Percent of the Units Feature Newer Appliances and Flooring
  • Several Floor-Plan Options for Spacious One and Two-Bedroom Apartments
  • Features On-Site Laundry Facilities, 24-Hour Emergency Staff and Ample Parking
  • Can be Purchased Separately or Collectively with Haymeadow Apartments

Investment Overview

Kingsway and Kingston Apartments are located in Peoria, Illinois, the largest city on the Illinois River. Both properties are situated only a short distance from Northwoods Mall, the largest shopping mall in the Tri-county area, featuring more than 90 unique stores, restaurants and other entertainment options. They are situated in quiet residential area's with strong demographics and convenient access to Interstate 74 and local transportation.

Peoria is best known as home to the world headquarters of Caterpillar (NYSE: CAT). The city also has three major hospitals: OSF Saint Francis Medical Center, Unity Point Health Methodist, and Unity Point Health Proctor. In addition, the Children's Hospital of Illinois, the University of Illinois-College of Medicine at Peoria, and the Midwest Affiliate of St. Jude Children's Research Hospital are located in the city. Peoria is also home to an array of educational opportunities such as Bradley University, with an enrollment of approximately 6,000 students. Other Peoria area colleges include Illinois Central College, and Midstate College.

Exclusively Listed By

  • Scott D. Harris

    Senior Managing Director Investments

    (630) 570-2220

    Email Scott

    License(s): IA: S58247000, WI: 15869-090, IN: RB14049474, IL: 475.139778

    Chicago Oak Brook

  • Bryan W. Kunze

    Senior Associate

    (630) 570-2239

    Email Bryan

    License(s): IL: 475.162316

    Chicago Oak Brook

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