Multifamily Investment Opportunity
Price
$2,100,000
🚨 Off-Market Investment Opportunity – Ideal for 1031 Exchange Buyers 🚨
🏢 28-Unit Portfolio | Saint Louis, MO 📍
📌 Locations:
🏘️ 4981 Rosalie St, Saint Louis, MO 63115 (16 Units)
🏘️ 5437 Page Blvd, Saint Louis, MO 63112 (12 Units)
💰 Price: $2,100,000
💵 Cash Required: $425,000 Down Payment
Property Financials: https://drive.google.com/drive/folders/1b4J0d4pzWHxY8IE5O9aPhorwNtWEEs_d
📈 Assumable Financing Terms:
Total assumable note: $1,440,000
📍 5437 Page Blvd: $770,000 note at 4.5% interest for 11 more months.
📍 4981 Rosalie St: $670,000 note currently at 5% Interest-Only until June, then adjusts to 7% for the remaining 18 months.
💼 $350,000 required at closing for note assignment.
💸 Current Net Operating Annual Income: $116,520
✨ Property Highlights:
🔑 Value-add opportunity with on-site property management available for seamless transition.
🛠️ Both properties have undergone recent renovations and are in excellent condition.
⚡ Immediate value-add potential at 4981 Rosalie by updating electrical meters to city code (estimated repair cost: $30k-$35k), unlocking additional rental income.
📊 Financials:
Detailed, current financial statements available upon request.
🔄 Ideal for 1031 Exchange:
Maximize your investment through assumable low-interest financing and stable cash flow—perfect for a successful 1031 Exchange.
🚩 TEAM PROMISELAND DISCLAIMER:No party may market this property or utilize property details without express written permission from TEAM PROMISELAND or being an affiliate member. Unauthorized use incurs a $500 penalty per incident.
📨 Submit all offers directly to: investments@promiselandrealtyllc.com
Property Map
"Your #1 Source for Off Market Real Estate Properties, Nationwide"
PROMISE LAND REALTY, LLC
Work: 248- 416-2574
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. 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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