122 Lazarcheff Dr E, East St Louis, IL 62206
- $56,000
- 3
- BD
- 1
- BA
- 988
- SqFt
- Sold Price
- $56,000
- List Price
- $59,900
- Status
- CLOSED
- Days on Market
- 77
- Closing Date
- Oct 18, 2024
- MLS#
- 24046230
- Subtype
- Residential
- Style
- Traditional, Bungalow
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 988
- Lot Size
- 7,405
- Acres
- 0.17
- Subdivision
- Parklane Manor 1st Add
- Neighborhood
- Parklane Manor 1st Add
- MLS Area Major
- Centreville
Property Description
Seize the opportunity to purchase a tenant-occupied property guaranteeing immediate rental income! The interior of the property was updated in April 2024. Property is tenant occupied, ensuring stability and peace of mind. The current annual lease provides a steady monthly rental income of $800. Key Investment Highlights: reliable lease in place until April 2025, interior updates, average operating expenses are $4756 which yeild an impressive CAP Rate of 6.5%. 10% vacancy rate factored in. 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!
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Additional Information
- Interior Features
- Open Floor Plan, Eat-In Kitchen, Pantry
- Taxes
- $1,735
- Property Description
- Traditional, Bungalow
- Flooring
- Carpet
- Appliances
- Microwave, Gas Range, Gas Oven, Refrigerator, LP Gas Water Heater
- Heating
- Forced Air, Natural Gas
- Air Conditioning
- Central Air, Electric
- Levels
- One
- Foundation
- Slab
- Parking Features
- Covered, Off Street
- School District
- Cahokia DIST 187
- Elementary School
- CAHOKIA DIST 187
- Middle School
- CAHOKIA DIST 187
- High School
- Cahokia
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Listing courtesy of Elevate Realty, LLC. Selling Office: Keller Williams Pinnacle.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
