Rare Investment Opportunity to Purchase 3-4 Plex Home
Rare opportunity to purchase and renovate three buildings with twelve total units just minutes from Highway 55 in Arnold.Average rents in the area for 2 bedroom, 1.5 bathroom apartments exceed $1,100/m, but current rents acrossthe occupied units average less than $800 per month.Potential to add a one bedroom apartment to the basements of each building.Option to finance with three conventional loans or one commercial loan.Sellers will consider offers for individual buildings.Please do not disturb tenants. Sold as-is.Currently rented and can cashflow day 1.Can increase rents to market rent and light rehab to elevate to market rentB- school district.You can buy more than 1 if you want!- Updated On:
- November 7, 2023
Property Id : 56569
Price: Asking $ 290,000
Property Size: 6,120.00 ft2
Property Lot Size: 5,227.00 ft2
Rooms: 20
Bedrooms: 8
Bathrooms: 4
Year Built: 1978
External Construction: Brick Veneer
Rent (mo): 4200
ROI (ann): 26.5
Cashflow (mo): 662
Property Taxes (mo): 280
Insurance (mo): 150
Repairs (mo): 400
Management Fee (mo): 278
Leasing Fee (ann): 115.6
HOA (mo): 400
Vacancy Rate (ann): 4
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Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice. The analysis is provided "As Is". All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.