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Buy&Hold 4-PLEX: 4105-4107 Utah Street, St. Louis, MO 63116 - Deal Available

Multifamily Investment Opportunity



Acquisition Price

$351,000


4 UNITS - 4 Bedroom 4 Bathroom - 3,128 SF


  • Interior of all 4 units fully updated with 42” cabinets and granite/ceramic tile

  • Central Air/Forced Heat

  • Front Porch had full roof rebuild 3 years ago

  • Electric and plumbing need updates

  • Most likely needs sewer work

  • Needs roof - Seller to install roof when weather permits

  • 1st floor units are walk through 1 bedroom

  • 2nd floor units are private 1 bedroom

VALUE ADD to increase rents to $1,000/month


These units will rent between $850-$900 now as is Garage is rented for $200 non-related to tenants 4105 A - Rents at $758/mo and it's month to month lease 4105 - Rents at $760/mo and lease expires 12/31/2022 4107 A - Rents at $514/mo and lease expires 8/31/2022 4107 - Rents at $860/mo and lease expires 8/31/2022 OPTION A - Rent as is and increase the rents with current tenants to $900 each OPTION B - Turn as is and increase the rents to $900 each OPTION C- Turn and Make Ready the units and get $1,000/mo for all 4 units. May need small cosmetic boost with adding hook up washer/dryer in unit and paint, deep clean & minor deferred maintenance for the turn along with electric, plumbing and sewer work to be repaired at some point. The after repair value for this property is $622,000+.


Please submit all offers to us at sarter@promiselandrealtyllc.com


Offer Deadline 3/22/2022 at midnight.


Property Walkthrough Video Link: https://drive.google.com/drive/folders/1050L2EI907OhFkLUUDZpAARED4eJT05w?usp=sharing


Property Comps/ARV





"Brick by Brick"






PROMISE LAND REALTY, LLC

Work: 864-762-2509

sarter@promiselandrealtyllc.com

www.promiselandrealtyllc.com


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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