715 White Oak Dr, O'Fallon, IL 62269

Rare opportunity to acquire an investment property in the heart of O'Fallon! This is a 4 unit building w/ each unit consisting of a living room w/ eating area, kitchen, 2 bedrooms & bath. There is open street parking & patio at rear. Unit 1-rented at $675 with long term month to month tenant; Unit 2-rented at $700 with 1 year lease; Unit 3 -made vacant for showing opportunities but could rent for at least $700; Unit 4- rented at $700 with 1 year lease. All appliances in the units stay. Expenses include: insurance at $2,745; real estate taxes $4,940; utilities at $4,200 (Owner pays water, trash & common lighting). GRM is 8.3 & Cap Rate is 8.1%. The current owner is having a few minor repairs finalized to include the peninsula & light in kitchen, drywall in BR under window & toilet re-installed in bath. Unit #3 for showings & remaining units will be made available after an accepted offer. Roof replaced 2013 & age of systems is unknown. Going Market rent is calculated at $750 per unit.