164 Eagle Ridge
O'Fallon, IL 62269
About
***Investor Opportunity!*** This well-maintained 1-bedroom, 1-bath condo in a desirable O’Fallon neighborhood offers the ideal combination of low-maintenance ownership and an established rental income stream. A full one-year lease is already in place with a tenant, providing an immediate investment opportunity without the hassle of finding a tenant. This main-floor end unit offers added privacy and features an inviting living area with a cozy fireplace, in-unit laundry, and a private patio. A dedicated, lockable exterior storage closet provides additional convenience and value for the tenant. Investors will appreciate the community amenities, including a pool and clubhouse, as well as the added peace of mind that comes with major exterior improvements already covered by the HOA. With no yard work or exterior maintenance to manage, this property offers a truly low-maintenance addition to an investment portfolio. The location is another major advantage, with easy access to Scott Air Force Base, shopping, restaurants, and everyday amenities, along with a convenient commute to St. Louis. Just minutes from O'Fallon Family Park. Please note: This property is being offered to investors only due to the existing one-year lease. The current tenant will remain in place through the end of the lease term. A great opportunity to add a tenant occupied, low-maintenance property in a desirable location to your portfolio!
Property
Beds
1
Full Baths
1
1/2 Baths
None
Year Built
1980
Sq.Footage
600
Features
Features & Amenities
Interior
-
Total Bedrooms
1
-
Bathrooms
1
-
Above Grade Finished Area
600.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Wall Unit(s)
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Other
-
Main Level Bedrooms
1
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Unknown
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Other
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
Other
Price
-
Sales Price
$80,000
-
Tax Amount
$1,435
-
Sq. Footage
600
-
Price/SqFt
$133
HOA
-
Association
YES
-
Association Fee
$457
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
OFALLON DIST 90
-
Middle School
OFALLON DIST 90
-
High School
OFallon
Property Features
-
New Construction
NO
-
Association Amenities
Pool
-
Sewer
Public Sewer
-
Water Source
Public
Schedule
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Location
-
County
St. Clair
-
Elementary School
OFALLON DIST 90
-
Middle School
OFALLON DIST 90
-
High School
OFallon
Listing Courtesy of Kathryn Clark, RE/MAX Alliance
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