Single Family for Sale: 122 Lazarcheff Drive, East St Louis, IL 62206 SOLD

3 beds
1 full baths
988 sqft
$56,000
$56,000
122 Lazarcheff Drive, East St Louis, IL 62206 SOLD
3 beds
1 full baths
988 sqft
$56,000
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Selling Price: $56,000
Original List Price: $59,000
Sold at 94.9% of list price
Sold Date: 10/18/2024

Type Single Family
Style 1 Story
Architecture Traditional
Beds 3
Total Baths 1 full baths
Total Living Area 988 sqft
Square Footage 988 sqft
Lot Size 0.17 acres
Taxes Paid $1,735

City East St Louis
County St Clair-IL
Subdivision Parklane Manor 1st Add

MLS 24046230
Status Closed
DOM 34 days
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!

Room Features

Main Level Full Baths 1
Basement Description None, Slab
Dining Description None
Kitchen Description Eat-In Kitchen, Pantry

Lot & Building Features

Appliances Gas Oven, Refrigerator, Microwave
Architecture Traditional
Construction Vinyl Siding
Cooling Electric
Heat Source Gas
Heating Forced Air 90+
Interior Decor Carpets, Window Treatments, Open Floorplan
Parking Description Covered, Off Street
Sewer Public Sewer
Special Areas Main Floor Laundry
Tax Year 2022
Water Public
Windows And Doors Six Panel Door(s), Some Insulated Wndws
Lot Dimensions 75x110x60x110 ft

Community and Schools

Junior High School CAHOKIA DIST 187
Senior High School Cahokia

Price History of 122 Lazarcheff Drive, East St Louis, IL

Date Name Price Difference
07/30/2024 Price Adjustment $56,000 5.08%
08/02/2024 Listing Price $59,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 122 Lazarcheff Drive, East St Louis, IL

Location Map Street View
Photo of
Listed by Elevate Realty, LLC, Tamika Evans
Sold by Keller Williams Pinnacle, Patrice Tucker
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20%
3.0982142857143%
6.75%
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Monthly Taxes
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Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Elevate Realty, LLC

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