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Archived about 1 month ago

$196,000

4 bd 2 ba 5040 sqft

4365 Cook Ave, Saint Louis, MO 63113

Residential Quadplex Occupied Off MLS

Current Rent **

N/A

Projected Rent **

$5,860

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 0 bd
  • Bathroom: 0 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent:
  • Bedroom: 0 bd
  • Bathroom: 0 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 5040 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

(๐—ฆ๐˜. ๐—Ÿ๐—ผ๐˜‚๐—ถ๐˜€, ๐— ๐—ข) ๐Ÿฅฃ ๐—Ÿ๐—”๐—ฅ๐—š๐—˜ ๐—ค๐—จ๐—”๐——๐—ฃ๐—Ÿ๐—˜๐—ซ ๐Ÿฅฃ ๐—”๐—น๐—น ๐Ÿฎ ๐—•๐—ฒ๐—ฑ๐—ฟ๐—ผ๐—ผ๐—บ ๐—จ๐—ป๐—ถ๐˜๐˜€ | ๐—ก๐—ฒ๐—ฒ๐—ฑ๐˜€ ๐—” ๐—Ÿ๐—ถ๐˜๐˜๐—น๐—ฒ ๐—ง๐—Ÿ๐—– | ๐—ฆ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐˜๐—ฒ๐—น๐˜† ๐— ๐—ฒ๐˜๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐Ÿฅฃ

ARV: $325K

Potential Rent: $5,860/month

Rehab Estimate: $115K

DETAILS

Unit Mix: Four 2 BR/1 Bath Units

Occupancy: 100% Vacant

One unit occupied, but occupant not paying rent

Taxes: $368

Insurance: $700

Building Square Footage: 5,040 Sq Ft

Utilities: When occupied, tenants pay for all utilities except for water and sewer.

Lot Size: 0.31 Acres

Year Built: 1896

Repairs Needed:

Needs new roof. Owner says it leaks

All mechanicals are older than current Owner's 8 year tenure

Needs tuckpointing

Collapsed wall

Cosmetic repairs throughout

Post-Rehab ($115K) cap rate = 18.10%. Wow!

Units: 4

Current Rents: Vacant

Market Rents: $1,465/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: 28.73% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

Location:

4365 Cook Ave, Saint Louis, MO 63113

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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.