For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $795,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 850 sqft
Price per Sqft $935
Subdivision Rolwes Sub
MLS Listing ID 21081668
Sold Date 12/23/21
Style Bungalow / Cottage
Bedrooms 2
Full Baths 1
Construction Status 79
Year Built 1942
Building Age 79
Lot Size 6,490 Sqft
Acres 0.149
Lot Dimensions 50x131
Property Description
20 Single-family rental homes for sale. All of the 20 homes are occupied with all of the tenants paying rent. There is a management company in place that has been managing properties for 17 years that is located near the homes and can stay in place after the sale if desired. With the 20 homes rented the monthly gross income is $12,375 which annualized is $148,500. Annual expenses are $40,797 with management expenses included which is approximately a 13% cap rate based on current occupancy. 19 of the 20 homes are located in north county and one home is located in south city. 6 of the 19 tenants are section 8 tenants. Homes are to be sold as-is. Showings with an accepted contract. Inquire with listing broker for additional information. Please do not disturb the tenants.
Location
State MO
County St Louis
Area Mccluer
Rooms
Basement Block
Interior
Heating Forced Air
Cooling Electric
Fireplaces Type None
Fireplace Y
Exterior
Garage true
Garage Spaces 1.0
Private Pool false
Building
Lot Description None
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Structure Type Brick
Construction Status 79
Schools
Elementary Schools Johnson Wabash Elem.
Middle Schools Ferguson Middle
High Schools Mccluer High
School District Ferguson-Florissant R-Ii
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Exchange, Private, Other
Listing Terms Cash Only, Conventional, Exchange, Private, Other
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jordan Schoen
Get More Information