Opportunity to own a fully rented turn-key 4 family that underwent a 2010 full renovation. The renovation included new electric, plumbing, flooring, windows, rubber roof, decks, dishwashers, stoves, and fridges. In addition there are new cabinets, toilets, sinks, tile back splashes and showers. There are two separated walk out basements with washer/dryer hook ups and lots of room for storage. Renovation included new water service, front and rear doors, kitchens are all wired for over the range microwaves. New concrete was added all around and front stairs 2012. There are also 4 parking spots for off street parking in the rear of the building. Rents for the building are $520, $495, $485, $495 for a total monthly collection of $1,995.00, generates $23,940.00 gross rent annually. Return on investment after fixed expenses is 15%. Current management can stay in place if buyer is interested. This one won’t last!

Features:

• Completely renovated: new roof, thermal windows, kitchen, baths, plumbing, electric, and HVAC.
• Ceramic flooring and tub surround
• Hardwood floors
• Rents are $450 month to month, excellent tenants, neighborhood market rents could support up to $535
• Stain glass windows
• Central air
• Balconies
• Large 1 bedroom and 1 bath

This is an attractive, cash-generating turnkey investment property that will sell fast – Don’t miss your chance!

Expenses:

Taxes – $1751
Insurance – $713
Sewer – $891
Trash – $528
Water – $902
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Total: $4785

Asking $159,900

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Features:
-Completely renovated: new roof, thermal windows, kitchen, baths, plumbing, electric, and HVAC
-Ceramic flooring and tub surround
-Hardwood floor
-Balconies
-Large 1 bedroom and 1 bath
-Rents are $450 month to month, excellent tenants, neighborhood market rents could support up to $535.
-Stain glass windows
-Central air

This is an attractive, cash-generating turnkey investment property that will sell fast – Don’t miss your chance!

Expenses:

-Taxes $1664
-Insurance $693
-Sewer $891
-Trash $528
-Water $902
======================
Total: $4678

Asking $179,900

[mappress mapid=”122″]

Property Features -Large 2348 Sq ft 2 family with spacious 3 bed 2 full bath units. -There is a finished basement with three rooms and a bath and are being used for storage, washer-dryer and a workout room not included in the square footage. -Located on a quiet street in University Park Neighborhood in University City. -This building was built in 2001 and has been very well maintained. -Each unit has 5 rooms with an open floor plan with gleaming hardwood floors, lots of cabinet and counter-top space in the kitchens. -Perfect for an owner occupant or investor, live in one unit and have the tenant pay the mortgage! -2nd floor unit is currently rented for $1,275, first floor is vacant but was recently rented for $1,275. -With both units rented income potential of $2,550 a month and $30,600 annually! Asking Price $319,000 Paying Buyer’s agents 2.7%

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-Check out this large 1928 Sq ft fully rehabbed turnkey 2 family.
-Building features new kitchens and baths in each unit.
– Newer roof, pvc plumbing, sub floors and carpet, furnaces,
central air and water heaters.
-Easy access to I-55 and walking distance to Carondelet Park.
-Perfect for owner occupant or investor
-2nd floor is true 2 bed unit that rents out for $650
-1st floor is rented out for $625
-Fully rented building generates $1,275 a month and $15,300 annually.
-Priced to sell at $84,900

Jordan Schoen Is A Licensed Broker In The State Of Missouri

• Total gut renovation completed by Riggs Construction of this unique and historic Lasalle Park home that sits on a large landscaped quarter acre double lot.
• This home built in 1885 features 3 beds and 2 bath with 4 stories of finished living space and a private deck on the roof with a panoramic view of downtown and the arch.
• There is approximately 2,300 sq ft of above ground living space with an additional 600 sq ft of finished living space in the basement for a total of 2,900 sq ft.
• The home features custom cabinets, 2 fireplaces, custom appliances, new floors, crown molding and a 2 car garage with walk out porch on the second floor.
• There is living space on the top floor with exposed beams that walks out onto the rooftop porch.
• Located on a quiet tree lined street just a few minutes from Lafayette Square, Downtown and the Soulard Farmers Market.
• Paying buyers agents 2.5%

Building

• Opportunity to own a large two family and separate single family home all on the same lot and parcel in Benton Park.
• Buildings feature all newer vinyl windows, updated electric, pvc plumbing, newer furnaces is only a block from Benton Park and walking distance from the shops and restaurants on Cherokee Street and the Anheuser Busch brewery.
• The large 2700 sq ft two family in the front was originally a saloon and converted into two residences, the units need rehab including a roof.
• The tenant on the first floor recently moved out and paid $750 monthly, the second floor unit was previously rented for $750.
• There is an additional 2 bedroom single family home that is approximately 1000 sq ft in the rear of the lot that was recently rented out for $600 a month.
• This property would be great for an investor looking for a value add opportunity, a business owner who wanted a live-work space or an owner occupant who wanted additional income.
• Market rent for the units after updates are $900-$1000 per unit for a gross monthly income of $2,700-$3,000 a month and $32,400 – $36,000 annually.

Asking price $109,900

Jordan Schoen is a Licensed Broker in the State of Missouri

Building Features

• Opportunity to purchase turn key side by side 5280 Sq Ft four families with 2 bed units.
• 8 total units with 16 bedrooms with 1250 sq ft units that will be sold as a package.
• 6 of 8 units are currently rented below market rent. Current rents are $625,$625,$600,$625,$625,$625
• Market rent for similar size 2 bedrooms units in St. Charles is $750-$1,000
• Fully rented at $750 each building would generate $6,000 monthly and $72,000 a year.
• Building features off street parking, central air, updated electric, newer vinyl windows
• Hardwood floors have all been refinished, 7 of 8 furnaces have been replaced in the last 6 years.
• Roof, Soffits and fascia were replaced 6 years ago.
• Each tenant has their own private storage and the building comes with security cameras that stay with the building.

Annual Expenses

• Electric $751
• Water/Sewer $2,255
• Trash $2,460
• Pest Control $480
• Landscaping/snow removal $500
• Taxes $5,486
• Insurance $3,800
• Total 15,732
• Potential Gross Rent $72,000
• Vacancy (6%) $4,320
• Expenses $15,732
• Potential net income $51,948
• Potential cap rate based off market rent is 9.1%
• Paying buyers agents 2.7%

Jordan Schoen Is A Licensed Broker In The State Of Missouri