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  • Listing Provided by: 

    Tamika G Evans 314-384-2440,

    Elevate Realty, LLC

    Bought with: QDM Real Estate, LLC
    $38,000

    1 Dora Dr, Cahokia, IL 62206

    3beds
    816sqft
    Single Family Residence
    Built in 1955
    6,534 Square Feet Lot
    $62,200 Zestimate®
    $47/sqft
    $1,253 Estimated rent

    Owner options

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    $1,253/mo

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    $1,253/mo

    Rent Zestimate®

    Refinance and save

    $217/mo

    Est. payment

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    $217/mo

    Est. payment

    What's special

    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!

    Zillow last checked: 8 hours ago

    Listing updated: April 28, 2025 at 06:36pm

    Listing Provided by:

    Tamika G Evans 314-384-2440,

    Elevate Realty, LLC

    Bought with:

    Vance L Ward, 475206784

    QDM Real Estate, LLC

    Source: MARIS,MLS#: 24045832MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 3
    Bedroom
    • Features: Floor Covering: Luxury Vinyl Plank
    • Level: Lower
    Bedroom
    • Features: Floor Covering: Luxury Vinyl Plank
    • Level: Lower
    Bedroom
    • Features: Floor Covering: Luxury Vinyl Plank
    • Level: Lower
    Bathroom
    • Features: Floor Covering: Luxury Vinyl Plank
    • Level: Lower
    Kitchen
    • Features: Floor Covering: Luxury Vinyl Plank
    • Level: Lower
    Living room
    • Features: Floor Covering: Luxury Vinyl Plank
    • Level: Lower
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Gas Range, Gas Oven, Refrigerator, Gas Water Heater
    • Laundry: Main Level
    Features
    • Open Floorplan, Eat-in Kitchen
    • Windows: Insulated Windows
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 816
    • Total interior livable area: 816 sqft
    • Finished area above ground: 816

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: One
    Lot
    • Size: 6,534 sqft
    • Dimensions: 80 x 82 x 80 x 82
    • Features: Corner Lot, Level, Near Public Transit
    Details
    • Parcel number: 0707.0204017
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional,Bungalow
    • Property subtype: Single Family Residence
    Materials
    • Frame, Vinyl Siding
    Condition
    • Year built: 1955

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Cahokia
    • Subdivision: City View Place Sub

    HOA & financial

    HOA
    • Services included: Other

    Other

    Other facts
    • Listing terms: Cash,1031 Exchange,Conventional
    • Ownership: Private
    • Road surface type: Gravel
    Sell with ease on Zillow
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    $62,200
    2% more+$1,244
    With Zillow Showcase(estimated)$63,444