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For sale 10 days ago

$97,000

4 bd 2 ba 2450 sqft

4121 Shreve Avenue, Saint Louis, MO 63115

Residential Duplex Occupied Off MLS

Current Rent **

$850

Projected Rent **

$1,914

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $850
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 2450 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes

🎅(𝗦𝗮𝗶𝗻𝘁 𝗟𝗼𝘂𝗶𝘀, 𝗠𝗢.) 𝗧𝘄𝗼 𝗦𝘁𝗼𝗿𝘆 𝗕𝗿𝗶𝗰𝗸 𝗗𝘂𝗽𝗹𝗲𝘅! | 𝟱𝟬% 𝗢𝗰𝗰𝘂𝗽𝗶𝗲𝗱! | $𝟴𝟱𝟬/𝗠𝗼𝗻𝘁𝗵 𝗔𝗰𝘁𝘂𝗮𝗹 𝗥𝗲𝗻𝘁 | 𝗧𝘄𝗼 - 𝟮 𝗕𝗲𝗱/𝟭 𝗕𝗮𝘁𝗵 𝗨𝗻𝗶𝘁𝘀!

2 UNIT PROPERTY in Saint Louis, Missouri!

ARV: $123,308
Actual Rent: $850/month
Potential Rent: $1,914/month
Unit Mix: Two - 2 Bed/1 Bath Unit
Occupancy: 50% Occupied
Current Rents: $850/Unit. One unit is vacant.
Market Rents: $957/Unit
Taxes: $590
Insurance: $500
Utilities: Tenants pay for all utilities except for water and sewer.
Building Square Footage: 2,450 Sq Ft
Lot Size: 4,141 Sq Ft
Year Built: 1928

Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.

Cap Rate (Pro Forma): 17.92% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)

Location:

4121 Shreve Avenue, Saint Louis, MO 63115

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.