517 E Monroe St - 517 - 519 E Monroe St - 8 units + 49 outdoor 57 Unit Apartment Building Offered at $982,774 CAD at a 7.12% Cap Rate Metamora, IL 61548

Metamora Apartments presents an opportunity to acquire a multifamily asset with an additional income component in Metamora, Illinois. The property consists of three apartment buildings containing eight residential units and an adjacent RV park area capable of accommodating up to 40 recreational vehicles. The combination of apartment rental income and RV-related revenue creates a diversified operating profile supported by multiple income streams.
Current ownership has completed capital improvements, including significant plumbing upgrades, helping position the property for continued operation and reducing the likelihood of near-term deferred maintenance requirements. The property is reported at 100% occupancy and generates a current net operating income of approximately $49,810, providing in-place cash flow for investors seeking stabilized multifamily assets.
Located approximately 15 miles northeast of Downtown Peoria, the property benefits from access to Illinois Route 116 and Interstate 74, connecting residents to employment centers throughout the Peoria and Central Illinois region. The surrounding area is supported by healthcare, education, manufacturing, and government employment sectors, contributing to housing demand and regional economic stability. Demographic data within the surrounding area reflects household incomes above national averages and a mature residential base that supports ongoing demand for a variety of housing options.
The asset's blend of residential rental units, RV income potential, completed capital improvements, and accessibility to regional employment centers creates a multifaceted investment opportunity. Investors have the ability to benefit from existing operations while exploring future revenue optimization through rental adjustments and continued asset management initiatives.