This rental property is a great investment opportunity. It is currently rented for $855/month and has long-term tenants of 10+ years. The lease is in place through July 2025. The home offers one bedroom on the main level, along with a living room, dining room, kitchen, and a full bathroom. Upstairs, you'll find another bedroom, a half bath, and a bonus room used as a third bedroom. Please note that no interior photos are available due to tenants' rights. The property is being sold in **as-is** condition, with repairs and updates needed once the tenants vacate. Estimated after-repair value (ARV) ranges between $130K and $150K, conservatively. The seller has an assumable mortgage rate of 4.12% with Wells Fargo, offering a potential financing advantage for buyers. Please do not disturb tenants. No Showings will be allowed until a conditional offer is accepted.
202 2nd Street (MLS #24062624) is a 1.5 story single family home located in O'Fallon, IL.
This single family home is 1,488 sqft and on a lot of 10,454 sqft (or 0.24 acres) with 2 bedrooms, 2 baths and is 117 years old. This property was listed on 10/02/2024 and has been priced for sale at $90,000.
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Listing information courtesy of: Red Door Realty Group Inc
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