Seize the opportunity to purchase a tenant-occupied property guaranteeing immediate rental income! The interior of the property was updated in April 2024. Property is tenant occupied, ensuring stability and peace of mind. The current annual lease provides a steady monthly rental income of $800. Key Investment Highlights: reliable lease in place until April 2025, interior updates, average operating expenses are $4756 which yeild an impressive CAP Rate of 6.5%. 10% vacancy rate factored in. Tenant pays all utilities, gas, electric, water, sewer, and trash, reducing landlord expenses. This property not only provides a reliable income stream but also offers excellent potential for increased income as current rent is below market. The low annual expenses and a strong CAP rate makes the decision easy. What are you waiting for? This investment is designed to maximize your returns by adding an asset producing property to your portfolio!
Closed
Listing Provided by:
Tamika G Evans 314-384-2440,
Elevate Realty, LLC
Bought with: Keller Williams Pinnacle
$56,000
122 Lazarcheff Dr, Cahokia, IL 62206
3beds
988sqft
Single Family Residence
Built in ----
7,405.2 Square Feet Lot
$76,700 Zestimate®
$57/sqft
$1,274 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 28, 2025 at 06:36pm
Listing Provided by:
Tamika G Evans 314-384-2440,
Elevate Realty, LLC
Bought with:
Patrice Tucker, 475193731
Keller Williams Pinnacle
Source: MARIS,MLS#: 24046230
Originating MLS: Southwestern Illinois Board of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Bedroom
- Features: Floor Covering: Carpeting, Wall Covering: Some
- Level: Lower
Bedroom
- Features: Floor Covering: Carpeting, Wall Covering: Some
- Level: Lower
Bedroom
- Features: Floor Covering: Carpeting, Wall Covering: Some
- Level: Lower
Bathroom
- Features: Floor Covering: Luxury Vinyl Plank, Wall Covering: Some
- Level: Lower
Kitchen
- Features: Floor Covering: Luxury Vinyl Plank, Wall Covering: Some
- Level: Lower
Living room
- Features: Floor Covering: Carpeting, Wall Covering: Some
- Level: Lower
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Gas Range, Gas Oven, Refrigerator, Gas Water Heater
- Laundry: Main Level
Features
- Open Floorplan, Eat-in Kitchen, Pantry
- Flooring: Carpet
- Doors: Panel Door(s)
- Windows: Window Treatments, Insulated Windows
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 988
- Total interior livable area: 988 sqft
- Finished area above ground: 988
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Covered, Off Street
- Carport spaces: 1
Features
- Levels: One
Lot
- Size: 7,405 sqft
- Dimensions: 75 x 110 x 60 x 110
- Features: Level
Details
- Parcel number: 0611.0210003
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Bungalow
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- Updated/Remodeled
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cahokia
- Subdivision: Parklane Manor 1st Add
Other
Other facts
- Listing terms: Cash,1031 Exchange,Private Financing Available,Conventional
- Ownership: Private
- Road surface type: Asphalt
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$76,700
2% more+$1,534
With Zillow Showcase(estimated)$78,234