$38,000
$45,000
15.6%For more information regarding the value of a property, please contact us for a free consultation.
1 Dora DR East St Louis, IL 62206
3 Beds
1 Bath
816 SqFt
Key Details
Sold Price $38,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 816 sqft
Price per Sqft $46
Subdivision City View Place Sub
MLS Listing ID 24045832
Sold Date 11/19/24
Bedrooms 3
Full Baths 1
Year Built 1955
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 80x82x80x82
Property Sub-Type Single Family Residence
Property Description
Seize the opportunity to purchase a tenant-occupied property guaranteeing immediate rental income! The property has been tenant occupied since June 2020, ensuring stability and peace of mind. The current annual lease provides a steady monthly rental income of $750. Key Investment Highlights: reliable lease in place until June 2025, low vacancy rate demonstrates tenant satisfaction, operating expenses are $3644 which yeilds an impressive CAP Rate of 9.9%. 10% vacancy rate factored into Cap Rate. 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
Rooms
Basement None
Main Level Bedrooms 3
Interior
Interior Features Open Floorplan, Eat-in Kitchen
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Fireplace Y
Appliance Gas Range, Gas Oven, Refrigerator, Gas Water Heater
Laundry Main Level
Exterior
Parking Features false
Building
Lot Description Corner Lot, Level, Near Public Transit
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional, Bungalow
Level or Stories One
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Cahokia Dist 187
Middle Schools Cahokia Dist 187
High Schools Cahokia
School District Cahokia Dist 187
Others
HOA Fee Include Other
Ownership Private
Acceptable Financing Cash, 1031 Exchange, Conventional
Listing Terms Cash, 1031 Exchange, Conventional
Special Listing Condition Standard
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Bought with VanceLWard