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    1014 E Main Street

    Belleville, IL 62220
    • $119,900
    • STATUS: Active Under Contract
    • ON SITE: 36 days
    • ID#: 20076928
    Under Contract
    UPDATED: 66 min ago
    $119,900
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,650
      SQFT
    • $73
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1896
    County:

    School Information

    Elementary School:
    Middle School:
    School District:

    Description

    Perfect investment opportunity to build equity! Large 3-bed 2-bath main home (market rent $1,195) and 1-bed cottage in rear (market rent $635). First floor of main house boasts spacious living area, dining room, kitchen, full bath. Classic hardwood, craftsman trim and built-in shelving provide elegant touch.Second floor opens to loft, 2 more bedrooms, full bath, and large laundry room! Main homes exterior has been freshly painted. The back porch leads to a sizeable lot with ample parking. 1-bedroom cottage in rear of lot is currently rented for $525/month with a market rent of$625/month. Property being sold AS-IS, seller to do no repairs. Main house has passed city inspection! Tenants pay all utilities but water & sewer. Investor/Financial information: GPR: $1,830/month. Annual grossincome: 20,640. NOI: $14,634. Listed @ 12.21% CAP. Annual operating expense = $6005.28. Monthlyoperating costs: Taxes, $287.56; Insurance, $49.81; Utilities (avg), $163.07. Agent related

    Monthly Payment Calculator

    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-11-27T10:48:55.94.

    Fusion Realty, LLC: 618.781.9170
    www.fusionrealtyhomes.com/homes/111226752
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    1014 E Main Street Belleville, IL 62220

    • Price: $119,900
    • Status: Active Under Contract
    • Updated: 66 min ago
    • ID#: 20076928
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1,650
    SQFT
    $73
    $/SQFT
    1896
    Built
    Neighborhood:
    Mckinzies Sub
    County:
    St Clair
    Elementary School:
    Belleville Dist 118
    Middle School:
    Belleville Dist 118
    High School:
    Belleville High School-East
    School District:
    Belleville Dist 118
    Property Description
    Perfect investment opportunity to build equity! Large 3-bed 2-bath main home (market rent $1,195) and 1-bed cottage in rear (market rent $635). First floor of main house boasts spacious living area, dining room, kitchen, full bath. Classic hardwood, craftsman trim and built-in shelving provide elegant touch.Second floor opens to loft, 2 more bedrooms, full bath, and large laundry room! Main homes exterior has been freshly painted. The back porch leads to a sizeable lot with ample parking. 1-bedroom cottage in rear of lot is currently rented for $525/month with a market rent of$625/month. Property being sold AS-IS, seller to do no repairs. Main house has passed city inspection! Tenants pay all utilities but water & sewer. Investor/Financial information: GPR: $1,830/month. Annual grossincome: 20,640. NOI: $14,634. Listed @ 12.21% CAP. Annual operating expense = $6005.28. Monthlyoperating costs: Taxes, $287.56; Insurance, $49.81; Utilities (avg), $163.07. Agent related
    Exterior Features

    Building Desc Other Construction Other Lot Dimensions 45 X 155 X 49 X 155 Parking Description Additional ParkingOff Street

    Interior Features

    Appliances Some Some Refrigerator(S)Some Range Oven(S) Cooling 1 Window/WallCentral-Gas Heat Source Gas Heating Forced Air Water Heater Gas

    Property Features

    Assoc Fee Paid None Association Realtor Association Of Southwestern Illinois Conditions Unknown Contingent Info Subject To FinancingSubject To Inspec. Disclosures Occupancy Perm ReqSellers Discl. Avail Fixed Expenses InsuranceSewerTaxesWater Gross Operating Income 20640.00 Lot Size Source County Records Net Income 13194.72 Operating Expenses Other Ownership Private Pets Allowed No Possession At Closing Possible Buyer Fees YN No Property Type Multi-Family 2-4 Selling Terms CashConventional Sewer Public Special Description No Exemptions Special Listing Conditions None Square Footage Source County Records Tax Year 2019 Taxes Paid 3450 Tenancy Type 1 Or More Vacant Tenant Pays Cable Tv/SatelliteElectricGasTrash Removal Total Expenses 6005.28 Transaction Type Sale Type Of Units 2-Family Water Public

    Listing provided courtesy of Strano & Associates. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-11-27T10:48:55.94.

    Fusion Realty, LLC: 618.781.9170
     
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    Edwardsville IL, 62025