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Key Details
Sold Price $100,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Subdivision Richards
MLS Listing ID MAR23004308
Sold Date 05/17/23
Construction Status 96
Year Built 1927
Building Age 96
Lot Size 2,709 Sqft
Acres 0.0622
Lot Dimensions 1x1
Property Sub-Type Multi-Family 2-4
Property Description
Amazing opportunity for equity and cash on cash. Owner started work but has decided to finish other projects he has backed up. Most of the electrical is completed, new plumbing, new sheetrock and framing, mechanicals are in place but does need repairs, tuck pointing completed in multiple areas of the property. Cool outdoor space that can be set up for tenant enjoyment. Contractor stated it would be around 10k a unit to finish (bring your own contractor). All in around 150k with repairs and multi families around the building are selling for a little over 200k. Rents in the four plex next door are between 650-750 with all 4 units rented. Cash flow at this price point is around $2800 month which is ROI over 22%. Refinance out and do it again. Perfect project for BRRRR!
AS IS contract. No inspections by the seller nor guarantee of any work or pricing.
Location
State MO
County St Louis City
Area Central East
Interior
Heating Other
Cooling Other
Fireplace N
Building
Sewer Public Sewer
Water Public
Construction Status 96
Schools
Elementary Schools Froebel Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Special Listing Condition None
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