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3956 Pennsylvania Avenue

St Louis, MO 63118
  • $107,500
  • STATUS: Active Under Contract
  • ON SITE: 56 Days
  • ID#: 23004308
Under Contract
UPDATED: 24 min ago
$107,500
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1927
County:
Area:

School Information

Elementary School:
High School:
School District:

Description

Amazing opportunity for equity and cash on cash. Owner started work but has decided to finish other projects he has backed up. Most of the electrical is completed, new plumbing, new sheetrock and framing, mechanicals are in place but does need repairs, tuck pointing completed in multiple areas of the property. Cool outdoor space that can be set up for tenant enjoyment. Contractor stated it would be around 10k a unit to finish (bring your own contractor). All in around 150k with repairs and multi families around the building are selling for a little over 200k. Rents in the four plex next door are between 650-750 with all 4 units rented. Cash flow at this price point is around $2800 month which is ROI over 22%. Refinance out and do it again. Perfect project for BRRRR! AS IS contract. No inspections by the seller nor guarantee of any work or pricing.

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Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-03-24T07:39:32.25.

Walker Real Estate Team: (573) 433-1091
www.ftleonardwoodhomesearch.com/homes/136493956
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3956 Pennsylvania Avenue St Louis, MO 63118

  • Price: $107,500
  • Status: Active Under Contract
  • On Site: 56 Days
  • Updated: 24 min ago
  • ID#: 23004308
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1927
Built
Neighborhood:
Richards
County:
St Louis City
Area:
Central East
Elementary School:
Froebel Elem.
Middle School:
Fanning Middle Community Ed.
High School:
Roosevelt High
School District:
St. Louis City
Property Description
Amazing opportunity for equity and cash on cash. Owner started work but has decided to finish other projects he has backed up. Most of the electrical is completed, new plumbing, new sheetrock and framing, mechanicals are in place but does need repairs, tuck pointing completed in multiple areas of the property. Cool outdoor space that can be set up for tenant enjoyment. Contractor stated it would be around 10k a unit to finish (bring your own contractor). All in around 150k with repairs and multi families around the building are selling for a little over 200k. Rents in the four plex next door are between 650-750 with all 4 units rented. Cash flow at this price point is around $2800 month which is ROI over 22%. Refinance out and do it again. Perfect project for BRRRR! AS IS contract. No inspections by the seller nor guarantee of any work or pricing.
Exterior Features

Attached Garage YN No Lot Size Dimensions 1X1 Parking Features On Street

Interior Features

Cooling Other Heat Source Other Heating Other Heating YN Yes

Property Features

Association St. Louis Association Of Realtors Building Description Needs Rehab Current Financing Cash Only Disclosures UnknownSellers Discl Not Av Lease Term None Net Operating Income 0 Operating Expense Includes NoneOther Possession Close Of Escrow Property Sub Type Multi-Family 2-4 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 267 Tax Year 2021 Tenant Pays Other Transaction Type Sale Type Of Units 4-Family Water Source Public

Listing provided courtesy of Knight And Drews: 4549942. Listing information © 2023 Mid America Regional Information Systems, Inc.
Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-03-24T07:39:32.25.

Walker Real Estate Team: (573) 433-1091
 
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Walker Real Estate Team
854 Missouri Ave
St Robert MO, 65584