For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $75,000
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision St Louis Commons Add
MLS Listing ID 23008920
Sold Date 08/26/23
Year Built 1908
Lot Size 3,280 Sqft
Acres 0.075
Lot Dimensions 1x1
Property Sub-Type 2-4 Units
Property Description
Great opportunity to finish up a little rehab and get instant equity. Duplex with most of the hard work complete. New furnaces but do need the condensers. Electrical has about 2k more to finish, some drywall and finishing out work to your specifications. Possibility to make the downstairs a 3 bedroom by enclosing the sunroom. Upstairs has a bonus room that will be a great leasing addition.
Rents for a 2 bedroom are @1,000 and the 3 bedrooms are around $1200. Over $26,000 of gross rent collected a year at this layout. The finishing out for the building was quoted around $25,000. So your ROI is around 17%! Perfect BRRRR project!
Location
State MO
County St Louis City
Area 3 - South City
Interior
Heating Other
Cooling None
Fireplace N
Appliance Other
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Meramec Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
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