Rare Investment Opportunity to Purchase 3-4 Plex Home

Asking $ 290,000
  • 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 across
  • the 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 rent
  • B- school district.
  • You can buy more than 1 if you want!
    • Updated On:
    • November 7, 2023
    • 8 Bedrooms
    • 4 Bathrooms
    • 6,120.00 ft2
    • Year Built: 1978
    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
    $ 1,737.25
    per month
    • Principal and Interest
    • Property Tax
    • HOA fee
    $ 1,374.75

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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.

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