202 S 2nd ST Save Request In-Person Tour Request Virtual Tour
O'fallon,IL 62269
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,488 sqft
Price per Sqft $60
Subdivision Helms Assessment
MLS Listing ID 24062624
Style Other
Bedrooms 2
Full Baths 1
Half Baths 1
Year Built 1907
Building Age 117
Lot Size 10,454 Sqft
Property Description
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.
Location
State IL
County St Clair-il
Interior
Heating Forced Air
Cooling Wall/Window Unit(s),Ceiling Fan(s),Electric
Fireplaces Type None
Exterior
Garage false
Waterfront false
Building
Lot Description Fencing,Level Lot,Streetlights
Story 1.5
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
Schools
Elementary Schools Shiloh Village Dist 85
Middle Schools Shiloh Village Dist 85
High Schools Ofallon
School District Shiloh Village Dist 85
Others
Acceptable Financing Assumable,Cash Only,Conventional
Listing Terms Assumable,Cash Only,Conventional
Special Listing Condition No Exemptions,None