Veterans United Realty
2 Photos

1 Dora Drive, East St Louis, IL 62206

$45,000 Asking Price

3 beds
1 bath
816  sqft
Built in 1955

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!


Listing Status:
Active
Date Added:
July 29, 2024 — 61 days ago
Listing Office:
Elevate Realty, LLC
Office Phone:
3800581
MLS ID:
24045832

Features & Amenities

Interior

General:
Open Floorplan
Master Bath:
Full Bath
Kitchen:
Eat-In Kitchen
Appliances:
Gas Oven, Refrigerator
Dining:
None
Basement:
None
A/C:
Electric
Heating:
true, Forced Air
Fireplace:
Fireplaces: 0

Exterior

Style:
Traditional
Parking:
Off Street

Construction

Windows:
Some Insulated Wndws
General:
One

Location

HOA Amenities:
None
Originating MLS:
maris
School District:
Cahokia DIST 187
County:
St Clair-IL

Lot

Zoning:
CITY VIEW PLACE SUB LOT/SEC41 DOC A02592607, 07-07.0-204-017

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
maris
Ownership:
Private

This listing courtesy of:
Elevate Realty, LLC

About East Saint Louis, IL

Housing

Number of Units
19,571
Median Home Value
$54,453
Median Rent
$494

50.40% of housing units are renter occupied.

17.52% are vacant.

Commute

Car
78.77%
Public Transportation
5.84%
Walk to Work
1.74%
Work from Home
12.10%
Other
1.38%

The median travel time to work is 23 minutes.

People

Population
42,405
Median Age
37.10
Median Household Size
2.39

Education

High School
39.18%
Associate’s Degree
6.73%
Bachelor’s Degree
6.31%
Graduate Degree
4.70%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Veterans United Homefront

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last Updated: September 28, 2024 7:19 pm.

Copyright © 2024 Veterans United Realty and Did You Serve, LLC. Homefront.com is NOT affiliated with any government agencies, including the VA. Homefront.com is a service of Did You Serve, LLC. Veterans United and the Veterans United House logo are registered trademarks of Mortgage Research Center, LLC, used under license agreement. Terms of Use.

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