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Updated about 9 years ago,
Potential First Deal St Louis- Any advice on the numbers?
I'm looking for my first deal in St. Louis. This is a four family in the North Hampton neighborhood. My question is does the analysis look sound? Is this the type of return I should be looking for or can I do better? The list price is $147K but the property only has one tenant and has been listed for 3 months. The analysis is based on getting just under a 20% discount off list or $120K.
The property currently only has 1 tentant and will need about $4000 per unit to paint, update the kitchen and re-tile the bathrooms. Any advice is appreciated!