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Cahokia, IL, 62206 • 62206 • Saint Clair County
$47/sqft
3Beds
1Baths
816Sqft
0.15 acLot
1955Built
Traditional,Bungalow Style
Built 1955 · 71 years of history
City View Place Sub
62206
Demand and pricing signals for this listing
17 views
People checking out this listing
505 days on market
Established listing
$47/sqft
Price per square foot
Single Family · Built 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!
Based on current rates
Est. 6.75% rate · 30yr fixed · $30,400 loan
Full calculator →Key facts and listing details
9 categories of property features
6 rooms detailed
Bedroom
LowerBedroom
LowerBedroom
LowerBathroom
LowerKitchen
LowerLiving Room
LowerMarket data and value estimates
3 schools rated nearby
Cahokia, IL, 62206
8 events
22 years of records
Local context around this listing
Cahokia, IL • Saint Clair County
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