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202 S 2nd Street

O'Fallon, IL 62269 SOLD
2 beds
1 full, 1 half baths
1,488 sqft
$83,000
Photo of 202 2nd Street O'Fallon IL 62269

Details

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.

Specs

Type Single Family
Style 1.5 Story
Architecture Traditional
Beds 2
Total Baths 1 full, 1 half baths
Total Living Area 1,488 sqft
Square Footage 1,488 sqft
Lot Size 0.24 acres
Year Built 1907
Taxes Paid $2,918

Lots & Building Features

Appliances Dishwasher, Refrigerator, Range, Microwave
Architecture Traditional
Construction Aluminum Siding
Cooling Ceiling Fan(s), Wall/Window Unit(s), Electric
Heat Source Gas
Heating Forced Air
Interior Decor Historic/Period Mlwk, Window Treatments, Some Wood Floors
Parking Description Off Street
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 75x125 ft
Fireplace Locations None

Room Details

Main Level Full Baths 1
Upper Level Half Baths 1
Basement Description Block, Unfinished
Dining Description Separate Dining

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Financing

$
20%
3.5156626506024%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City O'Fallon
County St Clair-IL
Subdivision Helms Assessment

Schools

Junior High School SHILOH VILLAGE DIST 85
Senior High School OFallon
Courtney Marsh & Caleb Marsh, Red Door Realty Group Inc

Sold By

Courtney Marsh, Red Door Realty Group Inc