Soulard Single Family Rehab Opportunity

-Opportunity to rehab a historic home built in 1890 in Soulard.

-This home is a 3 story row house that is approximately 2300 sq ft with 4 beds and 2 full baths.

-This 9 room home has a nice layout with high ceilings, hardwood floors, original woodwork and trim, large original windows on a quiet street.

-This  home qualifies for federal and state historic tax credits up to 45% of the renovation costs.

-Renovation costs to completely renovate the home are approximately $115,000.

-Similar sized row houses close by in Soulard have recently sold for $440,000, $407,000, $396,000. (see photos and description of comparable home sales below).

-Potential equity/profit of $122,000 after rehab based off of lowest comparable sale along with potential tax credits of up to $51,750 based on $115,000 renovation cost for a total of $173,750.

Asking $137,500  Paying Buyers Agent 2.7%

Comparables:

-1925 S 10th St Louis, Mo 63104

2,000 Sq Ft home sold 9/30/16 for $440,000 ($220 ft)

-2342 S 12th St Louis Mo 63104

2,210 Sq Ft home sold 7/01/16 for $407,250 ($183 ft)

-1923 S 10th St Louis, Mo 63104

1,792 Sq Ft home sold for $396,000 ($220ft)