$ 140,000
-
$140,000
Price -
0
Bed -
0
Bath -
1,426
SqFt
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About the Listing KWPN03 - VIKKOVEL
Don't miss this fully occupied duplex offering immediate rental income with $18,000 in current annual gross rental income and excellent upside potential. The property features two occupied units on month-to-month leases, providing flexibility for investors while maintaining consistent cash flow. The upper unit is currently rented for $850 per month, while the lower unit, with its own private entrance and separate exit, is rented for $650 per month. Both rents are below current market value, presenting an opportunity to increase future income. Market rents are estimated at approximately $1,000 per month for the upper unit and $850 per month for the lower unit. Recent improvements include replacement of the tub faucet plumbing fixture and repairs to the back and side sections of the roof, helping reduce immediate maintenance needs. Tenants are responsible for gas and electric, while the owner pays water, sewer, trash, and seasonal lawn care. Current owner expenses include approximately $375–$400 per month for water, sewer, and trash. $110 per month for landscaping during the mowing season. With no vacancies, separate entrances for both units, below-market rents, and significant potential to increase cash flow, this duplex is an outstanding opportunity for investors looking to expand their portfolio with a property that offers both immediate income and future appreciation potential.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
26044473
Year Built
1893
Total Square Footage
1,426
Lot/Acreage
0.1
County
St. Clair
Neighborhood
Highland Add
School District
Belle Valley DIST 119
Elementary School
Belle Valley Dist 119
Middle School
Belle Valley Dist 119
High School
Belleville High School-East
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 926
- Below Ground Sq Ft: 500
- Basement: Bathroom,Full,Sleeping Area,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $2,743
- Taxes w/Assessments: N/A
- Tax/Property ID: 08-27.0-203-024
- Tax Year: 2024
Payment Calculator
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Questions About..
202 Wabash Ave Belleville, IL 62220
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