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!
Room Features
Main Level Full Baths1
Basement DescriptionNone
Master Bath DescriptionFull Bath
Dining DescriptionNone
Kitchen DescriptionEat-In Kitchen
Misc DescriptionNear Public Trans
Lot & Building Features
AppliancesGas Oven, Refrigerator
ArchitectureBungalow / Cottage
Assoc Fee PaidNone
ConstructionFrame, Vinyl Siding
CoolingElectric
Heat SourceGas
HeatingForced Air
Interior DecorOpen Floorplan
Parking DescriptionOff Street
SewerPublic Sewer
Special AreasMain Floor Laundry
Tax Year2022
WaterPublic
Windows And DoorsSome Insulated Wndws
Lot Dimensions80x82x80x82 ft
Community and Schools
Elementary SchoolCAHOKIA DIST 187
Junior High SchoolCAHOKIA DIST 187
Senior High SchoolCahokia
Price History of 1 Dora Drive, East St Louis, IL
Date
Name
Price
Difference
08/02/2024
Listing Price
$45,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
1 Dora Drive (MLS #24045832) is a 1 story single family home located in East St Louis, IL.
This single family home is 816 sqft and on a lot of 6,534 sqft (or 0.15 acres) with 3 bedrooms, 1 baths and is 69 years old. This property was listed on 07/29/2024 and has been priced for sale at $45,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: Elevate Realty, LLC
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