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    OFF-MARKET
    Commercial real estate

    207 Howard Dr, O'Fallon, IL 62269

    0.19 ac lot Built 1975
    Property ID
    US28-0050191
    Property summary
    AI-generated overview

    This well-maintained, two-unit apartment building at 207 Howard Drive, O'Fallon, IL 62269, presents a fantastic investment opportunity. Built in 1975, this property sits on a 0.19-acre lot (APN: 04-29.0-202-009) and boasts a Net Operating Income (NOI) of $13,100. The duplex features two identical units, each offering two bedrooms and 1.5 bathrooms. Each unit provides a practical layout with spacious bedrooms, a full bathroom upstairs, and a half-bathroom on the main floor. Additional amenities include a carport, dedicated storage area, and laundry hookups for each unit. The property's prime location in O'Fallon, IL offers easy access to schools and shopping, making it highly attractive to tenants. Currently, both units are leased and professionally managed, ensuring a consistent income stream for the investor. The asking price for this turnkey investment property is $199,000. This is an exceptional opportunity to acquire a stable, income-generating asset in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1975
    Lot 0.19 ac (8,276 SF)
    APN 04-29.0-202-009
    UPID US28-0050191
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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