East St Louis, IL 62206,122 Lazarcheff DR
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East St Louis, IL 62206,122 Lazarcheff DR

$56,000

Est. payment /mo

$59,900

6.5%
Est.Price: ?

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122 Lazarcheff DR East St Louis, IL 62206

3 Beds

1 Bath

988 SqFt

SOLD DATE : 10/18/2024

Key Details

Sold Price $56,000

Property Type Single Family Home

Sub Type Residential

Listing Status Sold

Purchase Type For Sale

Square Footage 988 sqft

Price per Sqft $56

Subdivision Parklane Manor 1St Add

MLS Listing ID MAR24046230

Sold Date 10/18/24

Style Bungalow / Cottage

Bedrooms 3

Full Baths 1

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 75x110x60x110

Property Sub-Type Residential

Property Description

Seize the opportunity to purchase a tenant-occupied property guaranteeing immediate rental income! The interior of the property was updated in April 2024. Property is tenant occupied, ensuring stability and peace of mind. The current annual lease provides a steady monthly rental income of $800. Key Investment Highlights: reliable lease in place until April 2025, interior updates, average operating expenses are $4756 which yeild an impressive CAP Rate of 6.5%. 10% vacancy rate factored in. Tenant pays all utilities, gas, electric, water, sewer, and trash, reducing landlord expenses. This property not only provides a reliable income stream but also offers excellent potential for increased income as current rent is below market. The low annual expenses and a strong CAP rate makes the decision easy. What are you waiting for? This investment is designed to maximize your returns by adding an asset producing property to your portfolio!

Location

State IL

County St Clair-il

Rooms

Basement None, Slab

Main Level Bedrooms 3

Interior

Interior Features Open Floorplan, Carpets, Window Treatments

Heating Forced Air 90+

Cooling Electric

Fireplace Y

Appliance Microwave, Gas Oven, Refrigerator

Exterior

Parking Features false

Private Pool false

Building

Lot Description Chain Link Fence, Fencing, Level Lot

Story 1

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

Structure Type Vinyl Siding

Schools

Elementary Schools Cahokia Dist 187

Middle Schools Cahokia Dist 187

High Schools Cahokia

School District Cahokia Dist 187

Others

Ownership Private

Special Listing Condition No Exemptions, Renovated, None

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Listed by Elevate Realty, LLC
agent

Carrie Canaday

Agent | License ID: 2015045047

+1(660) 676-9996

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