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Tom Daugherty

tom@cisler.com +1(618) 910-4009

$ 45,000

Est. payment -/mo

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Active

1 Dora DR East St Louis, IL 62206

3 Beds

1 Bath

816 SqFt

UPDATED:

08/31/2024 06:32 PM

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 816 sqft

Price per Sqft $55

Subdivision City View Place Sub

MLS Listing ID 24045832

Style Bungalow / Cottage

Bedrooms 3

Full Baths 1

Construction Status 69

Year Built 1955

Building Age 69

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 80x82x80x82

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-il

Rooms

Basement None

Interior

Interior Features Open Floorplan

Heating Forced Air

Cooling Electric

Fireplace Y

Appliance Gas Oven, Refrigerator

Exterior

Garage false

Waterfront false

Parking Type Off Street

Private Pool false

Building

Lot Description Corner Lot, Level Lot

Story 1

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

Structure Type Frame,Vinyl Siding

Construction Status 69

Schools

Elementary Schools Cahokia Dist 187

Middle Schools Cahokia Dist 187

High Schools Cahokia

School District Cahokia Dist 187

Others

Ownership Private

Acceptable Financing Cash Only, Conventional, Exchange, RRM/ARM

Listing Terms Cash Only, Conventional, Exchange, RRM/ARM

Special Listing Condition No Exemptions, None

Listed by Tamika Evans • Elevate Realty, LLC

Tom Daugherty

Agent | License ID: 475.174152

+1(618) 910-4009

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Tom Daugherty

Tom Daugherty

1 Dora DR East St Louis, IL 62206

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1 Dora DR