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🔥 Hot Deal Alert! 4-Lot Package in East St. Louis for Only $35K – Incredible Investment Opportunity

East St. Louis, Illinois
East St. Louis
Real Estate Investment

Description of Property

1072 Liberty St, East Saint Louis, Il 62201  

Asking Price $35,000

33.7%% Cap Rate

63% Cash on Cash Return 

Subject Properties:

Land: 1070 LIBERTY ST EAST SAINT LOUIS, IL 62201
House:1072 LIBERTY ST EAST SAINT LOUIS, IL 62201
Garage: 1072 LIBERTY ST EAST SAINT LOUIS, IL 62201
Land: 1076 LIBERTY ST EAST SAINT LOUIS, IL 62201

Off Market

Features: 

  • All Brick
  • Vacant
  • Light rehab
  • Option to build on all four lots
  • Keep existing structure and build on two lots 

Estimated Rents: 3bd rents Average $1,194

Rehab Estimate: Cosmetic Updating

Description of Repairs

Cosmetic updating

  • Access:
    Message Me
  • Build Year:
    1955
  • Home Area(sqft):
    1,008
  • Bedrooms:
    3
  • Heating:
    Furnace
  • Fireplace:
    No
  • Water:
    City
  • Property Type:
    Single Family Residence
  • Occupancy:
    Tenant Occupied
  • Bathrooms:
    1
  • Cooling:
    Window Unit(s)
  • Foundation:
    Crawl Space
  • Sewer:
    Public/City
  • Parking:
    Detached Garage

The Numbers

  • Asking Price ($):
    $35,000
  • As-Is Price/Sq Ft:
    $34.72
  • Est. Cost of Repairs:
    $27,500
  • After Repair Value:
    $96,700
  • ARV Price/Sq Ft:
    $95.93
  • Est. Gross Profit/Equity:
    $34,200
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash,
  • Est. Mthly. Rental Rate:
    $1,194
  • Rental Restrictions:
    No
  • HOA:
    No

Comparables

No info given

Property Inspection

Location

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