Awesome and Rare Investment Opportunity Property – 24.3% Annual ROI

Asking $ 720,000
Mitchell Avenue, ,
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Overview

  • Updated On:
  • May 26, 2022
  • 8 Bedrooms
  • 8 Bathrooms
  • 3,049.00 ft2
  • Year Built: 1928
  • Act fast with this awesome Richmond Heights Investment Opportunity. Whether you are entering the market for the first time or desire to add to your folder of properties, come check out this great 4 family!
  • The sister building is connected and it will be sold as a package- ability to purchase 8 family with conventional loan.
  • Package deal with 7076 Mitchell. All one bedroom units with central air and Hardwoods & Ceramic Tile floors & some new windows.
  • All kitchens have gas ranges, garbage disposals, microwaves, and refrigerators.
  • Most have updated cabinetry, updated tile floors, and dishwashers.
  • 3 Water Heaters and 3 A/C replaced in last 5 years.
  • Windows replaced in 3 units.
  • Back Deck updated & retaining wall on east side replaced 3yrs ago.
  • Fab Richmond Heights and loads of options.
  • Brand new roof & updated halls.
  • Access Hwy 64/40, Forest Park, & all the great restaurants, cafes, shopping, & breweries in Downtown Maplewood.
  • Rare opportunity that is an investors dream.
  • Sale is Firm As-Is.
Address: Mitchell Avenue
City:
Area:
State/County:
Zip: 63117
Country: United States
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Property Id : 47656
Price: Asking $ 720,000
Property Size: 3,049.00 ft2
Property Lot Size: 3,049.00 ft2
Rooms: 24
Bedrooms: 8
Bathrooms: 8
House Number: 7076 and 7080
Year Built: 1928
External Construction: Brick
Rent (mo): 6800
ROI (ann): 24.3
Cashflow (mo): 840
Property Taxes (mo): 735
Insurance (mo): 300
Repairs (mo): 250
Management Fee (mo): 468
Leasing Fee (ann): 195
HOA (mo): 308
Vacancy Rate (ann): 4
Other Features
back yard
deck
walkscore68 / Somewhat Walkable more details here

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