Multifamily Investment Opportunity
Acquisition Price
$195,000
4 Units - 3,294 sqft
Great opportunity to own a cash flowing fourplex in St. Louis, MO. This property is located in a solid rental area. Two units are tenant occupied with a monthly rental income of $500/month each for a current total of $1,000/month (month to month lease). 1 Unit is in need of a moderate renovation before being rented. Unit 4 has been recently renovated and is move-in ready. A flat roof which is 9 years old covers the structure. HVAC and water heater are slightly 5 years old. Value add lies in improvements and rent increases. After Repair Value is $400,000+.
Please submit all offers to sarter@promiselandrealtyllc.com.
Offer deadline is 4/8/2022 at 11:59pm Property Photos:
Property Video: 3710 Hydraulic Ave. the 2 vacant units
Property Comps - After Repair Value:
"Brick by Brick"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*
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