3224 Mt Pleasant Sold

  • $52,000
  • 6 beds
  • 3 baths
  • 2912 sqft
3224 Mt Pleasant

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

Price:
$52,000
Address:
3224 Mount Pleasant St
St Louis, MO 63111
Square Feet:
2912
Lot Size:
5270
Bedrooms:
6
Bathrooms:
3
Terms:
For Sale
Property Type:
Duplex
Year Built:
1914
Basement:
Full unfinished with walk out
Const. Type:
Brick

Additional Features

3rd bathroom in basement

Call 314-279-4922 for more details

Property Location