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613 Reed Drive 613 Reed Dr 2 Unit Apartment Building $120,000 ($60,000/Unit) 16.27% Cap Rate East Alton, IL 62024

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Executive Summary

CASH COW DUPLEX!!!
3bed/1bath units, each rents for $1100. Tons of rehab work done recently. Central heat and air. New HVAC units. Tenants pay all utilities. PROPERTY GENERATES 16%+ NET RETURN!!! Only 30min away from St Louis International Airport!! Will not last.
Property management and financing is available.

Property Flyer 613 Reed Drive, East Alton, IL

Financial Summary (Pro Forma - 2026)	Annual	Annual Per SF
Gross Rental Income	$25,200	$15.51
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$25,200	$15.51
Taxes	$1,764	$1.09
Operating Expenses	$3,908	$2.40
Total Expenses	$5,672	$3.49
Net Operating Income	$19,528	$12.02

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual	$25,200
Annual Per SF	$15.51

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$25,200
Annual Per SF	$15.51

Taxes
Annual	$1,764
Annual Per SF	$1.09

Operating Expenses
Annual	$3,908
Annual Per SF	$2.40

Total Expenses
Annual	$5,672
Annual Per SF	$3.49

Net Operating Income
Annual	$19,528
Annual Per SF	$12.02

Property Facts

Price	$120,000	Building Class	C
Price Per Unit	$60,000	Lot Size	0.10 AC
Sale Type	Investment	Building Size	1,625 SF
Cap Rate	16.27%	Average Occupancy	100%
No. Units	2	No. Stories	1
Property Type	Multifamily	Year Built	1940
Property Subtype	Apartment Multifamily Apartments Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory	Parking Ratio	1.23/1,000 SF
Apartment Style	Low-Rise

Price	$120,000
Price Per Unit	$60,000
Sale Type	Investment
Cap Rate	16.27%
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.10 AC
Building Size	1,625 SF
Average Occupancy	100%
No. Stories	1
Year Built	1940
Parking Ratio	1.23/1,000 SF

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
3+1	1	$1,000	-
3+1	1	$1,100	-

Links

1 1

Fairly walkable

40/100

Moderately drivable

70/100

Limited public transit

30/100

Somewhat bikeable

30/100

Source: Local Logic^®

(754) 251-0201

Contact

Eli Ahmadov
LOYD Realty

Listing ID: 41061069
Date on Market: 6/25/2026
Last Updated:
Address: 613 Reed Dr, East Alton, IL 62024

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613 Reed Drive | 613 Reed Dr

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