112 Bonds Avenue, East Alton, IL

15.95% return

SP: $99,900

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Property Description

Awesome Investment! Triplex in a beautiful area. Good condition. Nice backyard with a wooden deck. Brick/Frame. Seperate electric and gas meters. Property will generate a 15.9% NET RETURN ON INVESTMENT!!! Do not miss out on this opportunity. Property management and financing is available.

Property Information

Listing statusActive
Property typeMulti Family
Total units3
Total bedrooms4
Total bathrooms3
Building size2353 sq. ft.
Lot size0.1 acres
Year built1950

CountyMadison County
SubdivisionVICTORY GARDENS
ConstructionBrick
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingGas
CoolingWindow A/C

Property Financial Summary

Sale price$99,900
Estimated rehab¹$0
Total investment$99,900

TypeProforma

Gross income (annually)$22,800
Operating expenses (annually)$6,863
Net income (annually)$15,937
Gross return22.82%

Gross income (monthly)$1,900
Operating expenses (monthly)$572
Net income (monthly)$1,328
Net return15.95%

Property Income & ExpensesMonthlyAnnual

Income

Unit 1: 1 bed / 1 bath$600/month$7,200/year
Unit 2: 1 bed / 1 bath$600/month$7,200/year
Unit 3: 2 bed / 1 bath$700/month$8,400/year
Total$1,900/month$22,800/year

Expenses

Property Taxes$304/month$3,643/year
Insurance (estimated)$108/month$1,300/year
Maintenance reserve$100/month$1,200/year
Lawn care$60/month$720/year
Total$572/month$6,863/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.