About This Home

This 1-bedroom, 1-bathroom condo at 164 Eagle Ridge in O'Fallon, IL is listed for $80,000 ($133 per sqft). Built in 1980, the home offers 600 sqft of living space on a N/A lot.

Key Features

  • Built in 1980
  • Fireplace

Property Details

1 story
1 full
1980

Amenities

Fireplace
Listing Description

***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!

Monthly Cost Estimate

$885/mo

20% down · 6.5% · 30 years

Principal$58
Interest$347
Insurance$23
HOA$457

Estimates only. Actual payments may vary.

Location

164 Eagle Ridge

O'Fallon, IL 62269

Eagle Ridge

Property Details

Cooling

Wall Unit(s)

Questions & Answers

This 1-bedroom, 1-bathroom condo at 164 Eagle Ridge is listed at $80,000 ($133/sqft). The estimated monthly payment is $885 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $457/month.

Key features include: Built in 1980, Fireplace.

This property is listed by Kathryn Clark and can be reached at (618) 975-6043.

KC

Kathryn Clark

Agent at RE/MAX Alliance

(618) 975-6043
Agent website

Listed by RE/MAX Alliance · Broker phone: (618) 975-6043 · View on Broker Site · Broker website

MLS# 26012198· Source: Mid America Regional Information Systems, Inc.· 115 days on PropertySimple

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164 Eagle Ridge, O'Fallon, IL 62269

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