GREAT RENTAL Investment + Recently Renovated + CASH FLOWING LTR TENANT! Gross Profit of +$30K

St. Clair County, East St. Louis, IL, 62204
Sold
Listed at: November 7th, 2023
Price
$27,500
ARV
$60,000
Gross Margin
$32,500
Sq. Footage
1240
Type
Single-Family
Parking
Driveway
Year build
1927
Lot size
6098.00 sqft
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

PROPERTY DETAILS:

* Property: 1 Property (Can be combined sale for two properties deal)

  • Second Property can be combined in deal: https://investorlift.com/p/105760

* Buy It Now: $30,000.00

* Non-Refundable EMD: $5,000.00

* 💰 Actual Rent: $900 - $1,150

* 🔑 Turnkey: Ready and with Cash Flow Tenants

* $ ARV = $46.5K- $60K

* HVAC: AC and New Furnace 2013

* Roof: Replaced in April 2023

* Property Taxes: $108.00

* 🛏️ Bedrooms: 2

* 🚿 Bathrooms: 1

* 📐 Square Footage: 1,240 SQFT

* 🏞️ Lot Size: 6,098

* 🏡 Year Built: 1927

* 🏠 Property Type: Single Family Residential

* 🛋️ Occupancy: Will be Delivered OCCUPIED

* 🌆 County: Saint Clair


INVESTOR HIGHLIGHTS:

* 🏡 Rehabilitated Living: Recently renovated and rehab property in April 2023, Owner rehab all core areas and placed in LONG-TERM tenants for gross revenue

* 🪑 Turnkey Investment: The property is currently occupied, but will be occupied upon closing, with Lease Agreements and Rent Roll provided to Buyer.

* 📅 Year Built: The house was constructed in 1927, with renovated durability, new roof, and solid foundation.


COMPS:

* 811 N 40th St - SOLD - $64.6K

* 1401 N 44th St - SOLD - $39.0K

* 1142 N 45th ST - SOLD - $32.5K


TERMS:

Close with our preferred attorney. Buyer pays all closing costs. Deal not final until EMD is received. All Inspections to be done prior to binding contract. Cash/Hard Money ONLY. Available to Negotiate.


DISCLAIMER:

This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. Any attempts to renegotiate or make contact with the owner will result in legal action.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Alex Bullo

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