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

Apartment Buildings Illinois East Alton 613 Reed Dr, East Alton, IL 62024

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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 Building Class C
Sale Type Investment Lot Size 0.10 AC
Cap Rate 16.27% Building Size 1,625 SF
No. Units 2 Average Occupancy 100%
Property Type Multifamily No. Stories 1
Property Subtype
Apartment
  • Multifamily Apartments
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
 Year Built 1940
Apartment Style Low-Rise Parking Ratio 1.23/1,000 SF
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 -

Links

 

  • Listing ID: 41061069

  • Date on Market: 2026-06-25

  • Last Updated:

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

The Multifamily Property at 613 Reed Dr, East Alton, IL 62024 is currently available for Sale. Contact LOYD Realty for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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