207 Howard Dr, O'Fallon, IL 62269
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.