Finally something for your long term rental investors. This cash cow duplex in South St Louis City has 3 bedrooms & 1 bathroom per unit! This duplex is conveniently located near public transportation, restaurants, shopping and much more. Rent O Meter shows a median of $875 rents per side. That is $1750 per month or more in rental income per month. Total that out for one year and that is $21,000.00 in annual rental income!
Upstairs Unit is vacant
Downstairs Unit currently leased for $700 per month (please do not disturb tenants)
Features:
- Large city style roomy bedrooms
- Walk out basement for easy storage
- Detached single car garage (Could be additional storage income of $50-$100 per month)
- Easy to rent to family of multiple occupants
- Roof was updated approximately 8 years ago
- 2 Central Air Conditioning Units (1 per unit)
- Partially Updated Electrical
Repairs needed:
- Replace Carpet
- Update Baths
- Needs Newer Appliances
- Touch Up Paint
- Cosmetics to make her beautiful again
THE NUMBERS
ARV: $120K
Repair Cost: $5K-$7K Cosemetics
REDUCED Contract Sales Price $52,000.00 (plus buyer pays seller and buyer side transaction closing costs with title company)
Even at $700 per month each unit can bring in $16,800 per year. Have her paid off in about 4 years.
Tax Amount 2017: $1074.16
Tax Amount 2016: $988.55
Tax Amount 2015: $897.79
There is actually a 3rd bathroom in walk out basement as well!
Contact Chris at 314-279-4922 to schedule viewing or to submit your cash offer.
CASH BUYERS ONLY please