Single Family for Sale: 1 Dora Drive, East St Louis, IL 62206 SOLD
3 beds
1 full baths
816 sqft
$38,000
$38,000
1 Dora Drive,
East St Louis, IL 62206 SOLD
3 beds
1 full baths
816 sqft
$38,000
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Selling Price: $38,000
Original List Price: $45,000
Sold at 84.4% of list price
Sold Date: 11/19/2024
Type Single Family
Style 1 Story
Architecture Traditional
Beds 3
Total Baths 1 full baths
Total Living Area 816 sqft
Square Footage 816 sqft
Lot Size 0.15 acres
Year Built 1955
Assoc Fee Paid None
Taxes Paid $1,289
City East St Louis
County St Clair-IL
Subdivision City View Place Sub
MLS 24045832
Status Closed
DOM 80 days
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 Baths 1
Basement Description None
Master Bath Description Full Bath
Dining Description None
Kitchen Description Eat-In Kitchen
Misc Description Near Public Trans
Lot & Building Features
Appliances Gas Oven, Refrigerator
Architecture Traditional
Assoc Fee Paid None
Construction Frame, Vinyl Siding
Cooling Electric
Heat Source Gas
Heating Forced Air
Interior Decor Open Floorplan
Parking Description Off Street
Sewer Public Sewer
Special Areas Main Floor Laundry
Tax Year 2022
Water Public
Windows And Doors Some Insulated Wndws
Lot Dimensions 80x82x80x82 ft
Community and Schools
Junior High School CAHOKIA DIST 187
Senior High School Cahokia
Price History of 1 Dora Drive, East St Louis, IL
Date | Name | Price | Difference |
---|---|---|---|
08/02/2024 | Listing Price | $38,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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