Turnkey Income Property – Townhouse Duplex Investment
Excellent opportunity to acquire a fully leased townhouse-style duplex in O'Fallon, one of the most desirable and fastest-growing communities in the Metro East region. Conveniently located within walking distance of the local sports complex, this property offers both strong tenant appeal and consistent rental demand.
Each unit features a spacious and functional floor plan designed for comfortable everyday living. The main level includes a generous living room and a separate family room highlighted by a cozy wood-burning fireplace, creating a warm and inviting atmosphere. The eat-in kitchen is equipped with a refrigerator, electric range/oven, and dishwasher, and provides easy access to a private patio through sliding glass doors, perfect for outdoor relaxation.
Additional main-level conveniences include a powder room and laundry closet with washer and dryer hookups.
The upper level offers two oversized bedrooms and a full bath, providing ample space and privacy for tenants.
Interior finishes include luxury vinyl plank flooring in the living and family rooms, ceramic tile in the kitchen, laundry, and bathrooms, and carpeting in the bedrooms.
This property has benefited from significant exterior improvements completed in 2023, including a new roof, new siding, new upstairs windows, and new sliding patio doors, helping to minimize future maintenance expenses.
Ideally situated within the highly desirable O'Fallon Township High School District 203, widely recognized as one of the top-performing school districts in the Metro East area, the property continues to attract strong tenant interest.
Investment Highlights
• Asking Price: $275,000
• Monthly Rental Income: $2,450
• Annual Gross Income: $29,400
• Annual Property Taxes: $3,866
• Net Annual Income: $25,424
• Approximate 9%+ Cap Rate
Both units are currently leased with tenants in good standing, offering investors an immediate turnkey cash-flowing opportunity.
This property presents an excellent addition to any rental portfolio or long-term investment strategy in the thriving O'Fallon market.
Note: Preapproval or proof of funds to be forwarded to ross4913@gmail.com prior to showing. 24 hour notice needed as tenants work from home.
