6500 Saint Clair Avenue East St Louis, IL 62203

Description

Here is your chance to make a smart investment that will continue to make you money for the rest of you life! Whether you are a seasoned investor or new to the business this property will provide you the residual income you have been looking for. These two buildings have 16 units (13 & 3) combined, storage rooms, and a laundry room. The majority of the units are vacant and they range from almost ready to move in to we need to gut this one condition. Most are in pretty good condition but need some minor TLC and freshening up. Most units have a refrigerator, stove/range, and a window a/c unit, all these will stay with the property. Each unit has a breaker box and most of the water heaters are located in one room in the building. One bedroom rentals with an East St Louis zip code are renting between $900-$1000 per month depending on whether or not utilities are included. Be sure to contact the St. Clair County Housing Authority (which serves East St. Louis) for their latest payment standards for 1-bedroom units to get the most accurate figure. These two properties are side by side and will be sold for one AS IS price. Buildings are currently on septic systems and replacement will be needed, no city sewer. Buyer and buyer's agent to verify all information. Property is being sold 100% AS IS. Seller will not do any inspections, repairs, or credits for repairs. Inspections are for buyer's knowledge only.