Side By Side 4 Families Near SLU Medical

Can Be Purchased As A Package or Individually
Great Location, Walking Distance to St. Louis University, Lafayette Square
Close To Both Highway 40 & 44
Fully Rented Both Buildings Generate $65,220 Annually

3016 – 3018 Henrietta

Building Features

• 3 units updated 2008-2012
• HVAC was replaced for all units in 2009
• Roof was tarred in 2013
• Soffit was rebuilt in 2013
• PVC plumbing throughout the building
• Vinyl windows throughout building
• Units are rented for under market rent, identical building to the east has 3 bed renting for $850
• 4,950 Sq ft building with approx 1,200 sq ft units

Income/Expenses

• 3016- 2 bed unit rents for $685
• 3016 A- 3 bed unit rented for $750
• 3018- 2 bed rented for $585 (only unit that is not updated, needs kitchen and bath update)
• 3018 A- 3 bed unit rented for $635

Total Gross monthly income $2,595

Total Gross annual income $31,140

• Taxes $1,285
• Insurance $800
• Water and Sewer $2,500
• Maintenance $2,500

Total $7,085

Net annual income after expenses $24,055

Asking Price $203,000

Priced at an 11.8% cap rate

3008 – 3010 Henrietta

Building Features

• All of the units have been updated 2009-2011.
• New HVAC was installed in all of the units in 2009.
• New roof was installed in 2013 with a 12 year guarantee.
• Soffit was rebuilt in 2013.
• PVC plumbing throughout the building.
• Vinyl windows throughout building. New carpet just put in this month.
• Units are rented for under market rent, identical building to the east has 3 bed renting for $850
• 4,950 sq ft building with approx 1,200 sq ft units

Income/ Expenses

• 3008- 2 bed unit rented for $685
• 3008 A- 3 bed unit rented for $735
• 3010- 2 bed unit rented for  $685
• 3010 A- 3 bed unit rented for $735

Total Gross Monthly Income $2,840

Gross Annual Income $34,080

• Taxes $1,263
• Insurance $800
• Water & Sewer $2,500
• Maintenance $2,500 (average)

Total $7,063

Net annual income after expenses $27,017
Asking Price $209,000

Priced at a 12.9% cap rate

Jordan Schoen Is A Licensed Broker In The State Of Missouri

Check Out This Property’s Video Tour

http://youtu.be/LJOiz8EyDAw