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300 Cobb St - 300 Cobb Street 2 Unit Apartment Building Offered at $94,900 at a 16.08% Cap Rate East Alton, IL 62024
Executive Summary
TURNKEY DUPLEX!!!
Perfect investment property for a first time investor!!! Unit 1 is rented at $800 and unit 2 is rented at $850. Great tenants. All utilities are paid by the residents. PROPERTY IS GENERATING A 16%+ NET RETURN ON INVESTMENT!!!! No deferred maintenance. Located 30 minutes away from St Louis International Airport. Will not last!!!!
Property management and financing is available.
Perfect investment property for a first time investor!!! Unit 1 is rented at $800 and unit 2 is rented at $850. Great tenants. All utilities are paid by the residents. PROPERTY IS GENERATING A 16%+ NET RETURN ON INVESTMENT!!!! No deferred maintenance. Located 30 minutes away from St Louis International Airport. Will not last!!!!
Property management and financing is available.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$19,800
|
$13.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$19,800
|
$13.89
|
| Taxes |
$1,844
|
$1.29
|
| Operating Expenses |
$2,700
|
$1.89
|
| Total Expenses |
$4,544
|
$3.19
|
| Net Operating Income |
$15,256
|
$10.71
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $19,800 |
| Annual Per SF | $13.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $19,800 |
| Annual Per SF | $13.89 |
| Taxes | |
|---|---|
| Annual | $1,844 |
| Annual Per SF | $1.29 |
| Operating Expenses | |
|---|---|
| Annual | $2,700 |
| Annual Per SF | $1.89 |
| Total Expenses | |
|---|---|
| Annual | $4,544 |
| Annual Per SF | $3.19 |
| Net Operating Income | |
|---|---|
| Annual | $15,256 |
| Annual Per SF | $10.71 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $800.00 | - |
| 2+1 | 1 | $850.00 | - |
1 1
Property Taxes
| Parcel Number | 19-2-08-16-20-405-011 | Total Assessment | $18,090 (2024) |
| Land Assessment | $3,860 (2024) | Annual Taxes | $1,844 ($1.29/SF) |
| Improvements Assessment | $14,230 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
19-2-08-16-20-405-011
Land Assessment
$3,860 (2024)
Improvements Assessment
$14,230 (2024)
Total Assessment
$18,090 (2024)
Annual Taxes
$1,844 ($1.29/SF)
Tax Year
2026
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300 Cobb St - 300 Cobb Street
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