877-473-2018

Property Peddler inc.

202 2nd O’Fallon IL 62269

Contract Pending

202 2nd O’Fallon IL 62269

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$90,000.00 O'Fallon, IL 62269
  • 0.24 Acres
  • St. Clair County
  • 2 Beds
  • 2 Baths

Description

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.

Key Features

  • Property Type Residential
  • Acres 0.24 Acres
  • Minerals Call for more info
  • MLS # 24062624

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877-473-2018
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All information provided through this website was obtained from sources deemed reliable; however, Property Peddler Inc. make no guarantees of the accuracy of information. All sketches and dimensions on this website are approximate and should be verified. All acreages are approximate and have been based on aerial photography, tax maps, or plat maps and are in no way guaranteed and the buyer might consider for it to be confirmed by a licensed surveyor.

Prospective buyers should rely on their personal inspection and/or the inspections of a professional property inspector for the condition of the property. As for the title work, it is the responsibility of the buyer and/or the buyer’s attorney to inspect. We suggest prospective buyers do their due diligence regarding their purchase. Neither the seller nor Property Peddler Inc. assumes liability for the accuracy, errors, or omissions. Seller reserves the right to refuse any and all offers submitted and may withdraw the property from offering without notice.

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