Overview

  • Updated On:
  • February 4, 2023
  • 8 Bedrooms
  • 4 Bathrooms
  • 6,120.00 ft2
  • Year Built: 1978

Rare Investment Opportunity to Purchase 3-4 Plex Home

Asking $ 290,000
Favorite
  • 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!
  • 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
    Area:
    State/County:
    Zip: 63010
    Country: United States
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    Overview

    • Updated On:
    • February 4, 2023
    • 8 Bedrooms
    • 4 Bathrooms
    • 6,120.00 ft2
    • Year Built: 1978

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