$71,000
1705 Washington Ave, Saint Joseph, MO 64505
Current Rent **
N/A
Projected Rent **
$4,128
๐ (๐ฆ๐. ๐๐ผ๐๐ฒ๐ฝ๐ต, ๐ ๐ข) ๐ ๐ฒ ๐จ๐ป๐ถ๐๐ | ๐ฅ๐ฒ๐ต๐ฎ๐ฏ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ฎ๐น | ๐ฏ๐ ๐ฆ๐พ๐๐ | $๐ฐ,๐ญ๐ฎ๐ด ๐ฅ๐ฒ๐ป๐ ๐ฃ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐
Starting Price: $89,794
ARV: $349,920 (Average Duplex Price = $140K)
Potential Rent: $4,128/month
Rehab Need: Owner tells us it needs $30K to be back in a rentable condition. Please see photos for current condition.
DETAILS
Unit Mix: Six 1 BR/1 Bath Units
Occupancy: 100% Vacant
Taxes: $722
Building Square Footage: 3,240 Sq Ft
Utilities: Tenants pay for all utilities. (When Occupied)
Lot Size: 6,098 Sq Ft
Year Built: 1920
Address: 1705 Washington Ave, Saint Joseph, MO, 64505
Units: 6
Current Rents: Vacant
Market Rents: $693-$695/Unit
Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
Pro Forma Cash on Cash Return: 46.09% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Location:
1705 Washington Ave, Saint Joseph, MO 64505
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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.
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