2 Turnkey Cash Flow Properties. Property Management in Place

[Mark Callicott]

2 Turnkey houses priced below recent appraisal for quick sale. Excellent price to rent ratio. If you are looking for cash flow…this is for you. Property manager in place and ready to work with the buyer upon closing.

Asking $137,000 (That is the total for both)

Rent $2225

Appraised $157000

11% Cap Rate

10418 Castle Dr. St Louis, MO 63136

3 bed 2 bath 945 Sq. Ft.

Appraised at $79000

Just had recent repairs and passed occupancy. Ready for tenant placement

Finished Basement

Will be advertised at $1325 monthly

10211 Valley Dr. St Louis, MO 63137

3 bed 1 bath 925 Sq. Ft

Appraised at $78000

New Roof in 2023

The tenant has been there long term and is paying far below market rent at $900 monthly but she is a great tenant. The market rent is closer to $1300 monthly. The tenant just renewed her lease another year on April 1.

This is an excellent opportunity to get a package of turnkey houses with property management in place and priced below appraised value for quick sale. One house has a long term tenant and the other just passed occupancy approval and will have a tenant in place shortly. Both properties were just inspected by the property manager. Not accepting offers contingent upon financing at this time. If you are a cash buyer I have appraisals, condition reports, additional photos, occupancy approvals, rental proforma, lease

Mark Callicott

2173160611

[email protected]