East St Louis, IL 62206,1 Dora DR
East St Louis, IL 62206,1 Dora DR
2
$38,000
$45,000
15.6%
Est.Price: ?

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3 BD
1 BA
816 SqFt

1 Dora DR East St Louis, IL 62206

Est. payment /mo
SOLD DATE : 11/19/2024

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Key Details

Sold Price $38,000

Property Type Single Family Home

Sub Type Residential

Listing Status Sold

Purchase Type For Sale

Square Footage 816 sqft

Price per Sqft $46

Subdivision City View Place Sub

MLS Listing ID 24045832

Style Bungalow / Cottage

Bedrooms 3

Full Baths 1

Year Built 1955

Building Age 69

Lot Size 6,534 Sqft

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

Interior

Heating Forced Air

Cooling Electric

Exterior

Parking Features false

Building

Lot Description Corner Lot, Level Lot

Story 1

Sewer Public Sewer

Water Public

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

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

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

Special Listing Condition No Exemptions, None

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Listed by Tamika Evans • Elevate Realty, LLC
Bought with Vance Ward

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Amanda Alejandro

President/Owner | License ID: 2008015448

+1(636) 544-2288

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