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613 Reed Dr
East Alton, IL 62024
613 Reed Drive · Multifamily Property For Sale · 2 Units

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 Facts

Price Per Unit $85,194 CAD
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 $1,420 CAD -
3+1 1 $1,562 CAD -
  • Listing ID: 41061069

  • Date on Market: 2026-06-25

  • Last Updated:

  • Address: 613 Reed Dr, East Alton, IL 62024

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