MLS# 24045832 - 1 Dora Drive, East St Louis, IL 62206

$45,000
Beds: 3
Bath: 1
Sqft: 816
Sqft lot: 6,534
Acre lot: 0.15
Est. $160 / mo.*
51 Days On Market

Listing courtesy of Elevate Realty, LLC.

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Status: Active
Property Type: Residential
Year Built: 1955
Neighborhood: City View Place Sub
Days On Website: 51

Property Details for 1 Dora Drive, East St Louis, IL 62206

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!

Property Access

  • Driveway: Gravel

Amenities

  • Cable Available: 1

Appliances & Equipment

  • "Gas Oven", "Refrigerator"

Basement

  • Basement: "None"

Bathrooms

  • 1 Full Bathroom
  • 1 Total Bathroom
  • 1 bathroom on the main level
  • 1 main/upper level bathroom
  • 1 main level full bathroom

Bedrooms

  • 3 Total Bedrooms
  • 3 bedrooms on the main level
  • 3 main/upper level bedrooms

Building

  • Above Grade Finished Area: 816 Sq.Ft.
  • Above Grade Finished Area Source: Public Records
  • Architectural Style: "Traditional"
  • Construction Materials: "Frame", "Vinyl Siding"
  • Levels: "One"
  • Living Area: 816 Sq. Ft.
  • Building Age: 69
  • Style Description: Bungalow / Cottage
  • 5 total rooms
  • Year Built: 1955

Cooling

  • Cooling: "Electric"

Disclosures

  • Disclosures: "Unknown", "Code Compliance Reqd", "Flood Plain No", "Occupancy Perm Req", "Sellers Discl. Avail"

Dining Room

  • None

Heating

  • Heating: "Forced Air"
  • Heating Included
  • Heat Source: Gas

Home Owner's Association

  • Fee Frequency: None
  • Fees Include: NA

Interior Features

  • Features: "Open Floorplan"

Kitchen

  • Eat-In Kitchen

Listing

  • Price per Sq.Ft.: $55
  • Transaction Type: Sale
  • Ownership Type: Private

Location

  • Special Areas: Main Floor Laundry
  • Parcel Number: 07-07.0-204-017
  • Subdivision Name: City View Place Sub
  • Township: Centreville

Lot

  • Features: "Corner Lot", "Level Lot"
  • Lot Size Acres: 0.15
  • Lot Size Dimensions: 80x82x80x82
  • Lot Size Source: County Records
  • Lot Size Square Feet: 6534 Sq.Ft.
  • Lot Number: 41

Miscellaneous

  • Misc. Features: Near Public Trans

Parking

  • Carport Spaces: 0
  • Features: "Off Street"

Possession

  • Possession: "Close Of Escrow"

Property

  • Property Sub Type: Residential

Schools

  • Elementary School: CAHOKIA DIST 187
  • High School: Cahokia
  • High School District: Cahokia DIST 187
  • Middle Or Junior School: CAHOKIA DIST 187

Sewer

  • "Public Sewer"

Taxes

  • Prop Asses City Tax: 0
  • Annual Tax Amount: 1289
  • Tax Legal Description: CITY VIEW PLACE SUB LOT/SEC41 DOC A02592607
  • Tax Year: 2022

Utilities

  • Water Source: "Public"

Windows

  • Features: "Some Insulated Wndws"

Map View

$45,000 - 1 Dora Drive, East St Louis, IL 62206

Street View

Directions

1 Dora Drive
East St Louis, IL 62206
Special Areas: Main Floor Laundry