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!
Closed
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
What's special
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#: 24045832
Originating 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
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$62,200
2% more+$1,244
With Zillow Showcase(estimated)$63,444