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.*
52 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: 52

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!

Cooling

  • Cooling: "Electric"

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

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