105 Timberlake Damiansville, IL 62215
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,300 sqft
Price per Sqft $143
Subdivision Hilltop Acres
MLS Listing ID 26049411
Style Traditional
Year Built 2003
Annual Tax Amount $4,588
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type 2-4 Units
Property Description
This property has never had a vacancy. Zero. The owner's commitment to maintenance, management, and tenant relationships speaks for itself — and it shows in the numbers. Both units are currently occupied at rents that are meaningfully below today's market rate, with comparable 2-bedroom, 2-bathroom units in the area leasing for $1,400/month. At current rents of $1,350 and $1,200/month, a buyer acquires immediate cash flow while sitting on significant upside — bringing both sides to market rate adds over $5,400/year in gross income at the next lease renewal.
At the current asking price of $329,000 with in-place rents, the property produces a solid cap rate with strong DSCR that satisfies commercial lending requirements — and that story only gets better as rents normalize to market. The partially finished basements on each side represent an additional value-add opportunity for a buyer willing to invest modest finish dollars in exchange for a premium rent bump.
Pride of ownership is evident throughout this property. If you are looking for a stabilized, low-maintenance, income-producing duplex in a growing Clinton County community with a proven track record and room to grow, 105 & 107 Timberlake Drive is exactly what you have been waiting for. Priced at $329,000. Do not disturb tenants — call the listing agent to schedule a showing.
Location
State IL
County Clinton
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Parking Features true
Garage Spaces 2.0
Utilities Available Electricity Connected, Sewer Connected
View Y/N No
Roof Type Architectural Shingle
Building
Water Public
Structure Type Brick Veneer,Frame,Vinyl Siding
Schools
Elementary Schools Damiansville Dist 62
Middle Schools Damiansville Dist 62
High Schools Breese
School District Damiansville Dist 62
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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