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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 FEATURES
PROPERTY DETAILS
Street Address: 1 Dora Drive
City: East Saint Louis
State: Illinois
Postal Code: 62206
MLS Number: MAR24045832
Year Built: 1955
Courtesy of Elevate Realty, LLC
City: East Saint Louis
State: Illinois
Postal Code: 62206
MLS Number: MAR24045832
Year Built: 1955
Courtesy of Elevate Realty, LLC
Courtesy of Nester Realty
