$ 329,000
-
$329,000
Price -
4
Bed -
4
Bath -
2,300
SqFt
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About the Listing RLBK - DREVERMA
Outstanding investment opportunity in Damiansville, Illinois — 105 & 107 Timberlake Drive delivers immediate, day-one cash flow in a quiet, established community just minutes from Breese and the I-64 corridor. This meticulously maintained duplex features two spacious 2-bedroom, 2-bathroom units, each with a partially finished basement — providing tenants with valuable extra living and storage space that sets this property apart from typical rental inventory and fuels long-term occupancy. This property has never had a vacancy. Zero. The owner's commitment to maintenance, management, and tenant relationships speaks for itself — and it shows in the numbers. Both units are currently occupied at rents that are meaningfully below today's market rate, with comparable 2-bedroom, 2-bathroom units in the area leasing for $1,400/month. At current rents of $1,350 and $1,200/month, a buyer acquires immediate cash flow while sitting on significant upside — bringing both sides to market rate adds over $5,400/year in gross income at the next lease renewal. At the current asking price of $329,000 with in-place rents, the property produces a solid cap rate with strong DSCR that satisfies commercial lending requirements — and that story only gets better as rents normalize to market. The partially finished basements on each side represent an additional value-add opportunity for a buyer willing to invest modest finish dollars in exchange for a premium rent bump. Pride of ownership is evident throughout this property. If you are looking for a stabilized, low-maintenance, income-producing duplex in a growing Clinton County community with a proven track record and room to grow, 105 & 107 Timberlake Drive is exactly what you have been waiting for. Priced at $329,000. Do not disturb tenants — call the listing agent to schedule a showing.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished
- Other:
- Water: Public
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof: Architectural Shingle
- Others:
- Sewer:
- Parking Features: Attached Carport,Concrete,Driveway
Financial Details
- Tax Amount: $4,588
- Taxes w/Assessments: N/A
- Tax/Property ID: 11-10-23-351-022
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
105 Timberlake Damiansville, IL 62215
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