BEDS0
BATHS
SQUARE FEET2,300
MLS#26049411
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHilltop Acres
SCHOOLDAMIANSVILLE DIST 62
Property Description
Outstanding investment opportunity in Damiansville, Illinois - 105 & 107 Timberlake Drive delivers immediate, day-one cash flow in a quiet, established community just minutes from Breese and the I-64 corridor. This meticulously maintained duplex features two spacious 2-bedroom, 2-bathroom units, each with a partially finished basement - providing tenants with valuable extra living and storage space that sets this property apart from typical rental inventory and fuels long-term occupancy.This property has never had a vacancy. Zero. The owner's commitment to maintenance, management, and tenant relationships speaks for itself - and it shows in the numbers. Both units are currently occupied at rents that are meaningfully below today's market rate, with comparable 2-bedroom, 2-bathroom units in the area leasing for $1,400/month. At current rents of $1,350 and $1,200/month, a buyer acquires immediate cash flow while sitting on significant upside - bringing both sides to market rate adds over $5,400/year in gross income at the next lease renewal.At the current asking price of $329,000 with in-place rents, the property produces a solid cap rate with strong DSCR that satisfies commercial lending requirements - and that story only gets better as rents normalize to market. The partially finished basements on each side represent an additional value-add opportunity for a buyer willing to invest modest finish dollars in exchange for a premium rent bump.Pride of ownership is evident throughout this property. If you are looking for a stabilized, low-maintenance, income-producing duplex in a growing Clinton County community with a proven track record and room to grow, 105 & 107 Timberlake Drive is exactly what you have been waiting for. Priced at $329,000. Do not disturb tenants - call the listing agent to schedule a showing.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished
Cooling: Central Air
Garage: 2
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.29 Acres
Roof Type: Architectural Shingle
Taxes: $4,588
Year Built: 2003
Feature Descriptions
Days on Site: 59
Exterior: Brick Veneer, Frame, Vinyl Siding
Parcel#: 11-10-23-351-022
Parking: Attached Carport, Concrete, Driveway
Parking Notes: Attached Carport, Concrete, Driveway
Water: Public
Local Schools
High School: Breese
Middle School: DAMIANSVILLE DIST 62
Elementary School: DAMIANSVILLE DIST 62
School District: DAMIANSVILLE DIST 62
Listed By / Shown By
Listed By
Agency Name: Real Broker LLC
Shown By
Agent Name: Dede Strano
Agent Phone: Cell: (618) 578-8553
Agency Title: Strano & Associates
Estimate Your Payment
Estimated Payment
$ 1,210.50 per month $732.21 Principal & Interest $382.33 Property Tax $95.96 Homeowner's InsuranceChange Payment Information
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105 Timberlake | MLS# 26049411
This multi-family property located at 105 Timberlake, Damiansville, IL 62215 is currently listed for sale with an asking price of $329,000. Timberlake is located within the DAMIANSVILLE DIST 62 school district. Search Damiansville real estate on dstrano.strano.com today.