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300 Cobb St - 300 Cobb Street 2 Unit Apartment Building Offered at $131,283 CAD 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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$27,391
|
$19.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$27,391
|
$19.22
|
| Taxes |
$2,551
|
$1.79
|
| Operating Expenses |
$3,735
|
$2.62
|
| Total Expenses |
$6,286
|
$4.41
|
| Net Operating Income |
$21,105
|
$14.81
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $27,391 |
| Annual Per SF | $19.22 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $27,391 |
| Annual Per SF | $19.22 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,551 |
| Annual Per SF | $1.79 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,735 |
| Annual Per SF | $2.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,286 |
| Annual Per SF | $4.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $21,105 |
| Annual Per SF | $14.81 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,107 CAD | - |
| 2+1 | 1 | $1,176 CAD | - |
1 1
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300 Cobb St - 300 Cobb Street
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