207 Howard DrO'Fallon, IL 62269

For Sale
$199,000

Two-unit apartment building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Two-unit apartment building in O'Fallon, IL.
  • Built in 1975 on a 0.19-acre lot (APN: 04-29.0-202-009).
  • Net Operating Income (NOI) of $13,100.
  • Two identical 2 bed/1.5 bath units.
  • Each unit features a carport, storage, and laundry hookups.
  • Desirable O'Fallon location near schools and shopping.

Property Details for 207 Howard Dr

Property type
Multifamily properties, Apartment buildings
Year Built
1975
Lot Size (sq. ft)
8,276 SF
Units
2

Location Insight

City
O'Fallon
County
St. Clair
State
Illinois
Latitude
38.5935529
Longitude
-89.90152
207 Howard Dr, O'Fallon, Illinois

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207 Howard Dr
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