S Faraday Ave, Peoria, IL 61605, USA

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💰 Investment Opportunity – S Faraday Ave, Peoria, IL 61605

Asking Price: $12,500
Estimated ARV: $50,000

🏠 Property Details

• Property Type: Single-Family Home

• Beds / Baths: 3 Bedrooms / 1 Bathroom

• Living Area: ~1,268 Sq Ft

• Year Built: 1900

• Lot Size: ~0.18 Acres

• Occupancy: Vacant

• Condition: Major Repair

📸 Photos & Video:
https://drive.google.com/drive/folders/13nmwT3MdtEVC9U7TCN4F79nmVNz_Gstj?usp=sharing

📍 Investment Overview

This property on S Faraday Ave presents a strong Fix & Flip or Buy & Hold opportunity in an active Peoria rental pocket. With a low entry price and solid ARV potential, this deal offers plenty of room to create value through renovation.

Whether your strategy is to renovate and resell or complete a full rehab and place a tenant, the numbers support multiple exit strategies. Properties at this price point rarely stay available for long.

🛠️ Rehab & Upside

• Major renovation required

• Simple single-family layout supports efficient rehab

• Large lot provides flexibility for exterior improvements

• Strong rental demand in the surrounding area

📑 Deal Terms

• Cash or Hard Money Only

• Sight-Unseen Offers Preferred

• Buyer Pays All Closing Costs

• Must Close with Seller’s Title Company

• EMD Required to Secure the Deal

• Zero-Day Inspection Period (inspections to be completed prior to contract)

🔑 Exit Strategies

• Fix & Flip: Renovate to retail and capitalize on ARV upside

• Buy & Hold: Rehab and rent for long-term cash flow

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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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