• This two family is located in Dogtown on an over-sized 40×125 foot corner lot within walking distance to Forest Park and the Zoo.
• Sits directly behind a block of new construction homes.
• Currently configured as a 1750 Sq ft two family with with 2 bed units.
• Property is framed out and needs full rehab.
• Market rents for updated 2 bedroom units in the neighborhood range from $900-$1000 monthly.
• The best use for this property would be converting to a 4 bed 2 bath single family home as homes that size in the area have recently sold from $200k-235K.
• This would also be a great development site for new construction as there is potential for 4-6 units to be built on this lot.
• Property to be sold as is.

Asking Price $49,900

Paying Buyers Agents 2.7%

 

Jordan Schoen Is A Licensed Broker In The State Of Missouri

Opportunity to purchase a large 4 family with 2 bed units near St. Louis University, Lafayette Square and Tower Grove Park. The building has 3 long term tenants that each pay $550 a month. There is potential to raise the rents, similar 2 bedroom units in the neighborhood rent for $650-$700 a month. There is off street parking for each unit. Ideal for an owner occupant or investor. An owner occupant could live in one unit for free while the tenants pay the mortgage. Building features updated plumbing and electric with newer vinyl windows. Currently priced at an 11% return on investment.

Jordan Schoen Is A Licensed Broker In The State Of Missouri

Building Features

• Fully rented 2 family with lots of character including
  hardwood floors, built in bookcases, sun rooms off the kitchen and separate dining rooms.
• There are newer vinyl windows, updated electric and plumbing, with an over-sized 2 car garage.
• Units currently rented for $545 and $495
• Gross monthly rent is $1,140 a month and $12,480 annually
• Fixed expenses are $282 a month and $3,384 annually.

 

Asking Price $69,900

           Priced at an 11% cap rate

Jordan Schoen Is A Licensed Broker In The State Of Missouri

Building Features

• Well maintained four family with great cash flow
• Units are rented for $475, $475, $465, $450
• Fixed expenses (taxes, insurance, water, sewer, trash) are $425 a month and $5,100 annually
• Gross monthly income of $1,865, annual gross income of $22,380
• Annual net income is approximately $14,000
• Building has new windows, roof and other updates

 

Asking Price $89,900

Priced at a 15% cap rate

 

Jordan Schoen Is A Licensed Broker In The State Of Missouri

Building Features

• 4 family with 2 two bed units and 2 one bed units.
• Located on a quiet street in Princeton Heights on a block with many single family homes.
• Rents are $595, $550, $540, $500.
• Fixed Expenses (taxes, insurance, water, sewer, trash) are $555 a month and $6,660 annually.
• Rented under market rent for the neighborhood.
• Gross monthly income $2,185, annual gross of $26,220.
• Annual net income approximately $17,000 after expenses.
• One vacancy in the last 3 years.
• Building has updated electric and pvc plumbing, central air and forced air heat, hardwood floors, updated windows and brick sun-rooms for all of the units.

Asking Price $174,900
Priced at an 10% cap rate

Jordan Schoen is a Licensed Broker in the State of Missouri.

Property Features

• Two units have just been updated with new kitchens, baths, furnaces, refinished hardwood floors, tiled floors.
• Units have 6 rooms and a layout that could be used for 2 bedrooms.
• Two units are ready for updates, estimated cost to update the two units is approximately $15,000
• Repairs needed are water heaters, misc. electrical work, kitchen cabinets, counter tops and refinishing hardwood floors.
• Recent after repair appraisal on the property for $215,000.
• 4 off-street parking spots.
• Market rent for the updated units are $600-$625.

Asking $129,900. Motivated Sellers, make offer!

 

Jordan Schoen is a Licensed Broker in the State of Missouri.

Features

• All brick charmer on gorgeous tree lined street in desirable neighborhood
• 3 bedrooms and 2 full baths
• Eat in kitchen
• Formal dining room
• 1500 SQ FT
• Walking distance to parks, shopping, entertainment and restaurants
• Nice hardwood floors
• Covered front porch
• 2 car detached garage with opener
• Custom book shelves
• Stained glass windows
• Patio area
• Natural woodwork
• Large fenced in backyard
• Thermal windows
• All season room
• Walk out basement

Check Out The YouTube Video Tour of The Property
http://youtu.be/-x5KSwhK3vE

Mike Shepherd is a Licensed Real Estate Agent in the State of Missouri.

Consistent cash-flows from a well maintained building.

• $22,800 annual gross income.
• Currently updating the first-floor unit on the east-side.
• After clean-up, rent will be $500/month.
• 2nd floor is ready to rent @ $475/month.
• 2 units one the west side currently rent for $525 for the first floor and 2nd floor rents @ $400/month. 1st floor unit has central air.
• Spacious 3 room, 1 bedroom units with lots of storage available.
• First floor units have sunrooms attached for extra space.
• Newer siding, roof, electric, and plumbing makes this property instant value to any portfolio.

Owner is reducing his portfolio and wants this unit sold.

Call for details.

Dan McCluskey is a Licensed Agent in the State of Missouri.

 

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

 

Features

• Single Family Home with 1500 Sq ft on the main level and 2300 total sq ft.
• Drawings already created for 3 bed 2 bath home with finished basement
• Home features full 800 sq ft walkout basement with which is framed out
• Sits on a quiet dead end street
• There is an attached tuck under garage

 

Comparable Sales Of Smaller Homes 

• 8606 Security Ct.

3 bed 1 bath 1,116 sq ft sold for $149,000 ($133 Sq ft)

• 8141 Mackenzie Rd.

3 bed 2 bath 1,492 sq ft sold for  $158,500 ($106 Sq ft)

• 9416 Sterling

3 bed 2 bath 1,340 sq ft sold for $159,000 ($118 Sq ft)

 

Jordan Schoen is a Licensed Broker in the State of Missouri.