Updated Two Family in Shaw Neighborhood

Opportunity to own a fully updated two family in the desirable Shaw neighborhood. Located in the heart of Shaw, this beautifully updated two family is walking distance from Tower Grove Park, the South Grand business district, the grocery store, and SLU hospital. Approximately 1 mile from the Botanical Garden, with easy highway access. Property boasts spacious 2 br units, a private back yard, and off-street parking on a dead end street.

Completely redone kitchen and baths with granite counter tops. In-unit washer dryers, and hard wood floors. This property would be perfect for an owner-occupant, use one unit to build equity in your beautiful new home.

Currently renting at $950, with a new tenant set to move in the upstairs unit on July 15, at $1100/month rent. Downstairs unit with private patio will be available for owner-occupant in September. Don’t miss this great opportunity to get into a great neighborhood!

Income:

Downstairs Unit – $950/month
Upstairs Unit – $1100/month (tenant move in July 15, 2016)

Monthly Rentals – $2050/month
Annual Rentals   – $24,600

Annual Expenses:

Water/Sewer/Trash – $1,595.36
Taxes – $1,253.75
Insurance – $1,200
Maintenance – $350
=================
Total  Annual Expense – $4399.11

Net Annual Income – $20,200.89

Selling at 9.2% Cap Rate

Asking Price $214,900

Paying Buyer’s Agents 2.7%

[mappress mapid=”171″]