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For sale 5 days ago

$145,500

12+ bd 4+ ba 3900 sqft

2937 Hebert St,, Saint Louis, MO 63107

Residential Quadplex Occupied Off MLS

Current Rent **

$2,600

Projected Rent **

$5,100

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $650
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $650
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $650
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent: $650
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 3900 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

🐘 𝗟𝗮𝗿𝗴𝗲 𝗤𝘂𝗮𝗱𝗽𝗹𝗲𝘅 🐘 𝟭𝟬𝟬% 𝗢𝗰𝗰𝘂𝗽𝗶𝗲𝗱 | 𝟭𝟯.𝟮𝟳% 𝗔𝗰𝘁𝘂𝗮𝗹 𝗖𝗮𝗽 | 𝗦𝗲𝗽𝗮𝗿𝗮𝘁𝗲𝗹𝘆 𝗠𝗲𝘁𝗲𝗿𝗲𝗱 𝗳𝗼𝗿 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰 (𝗦𝘁. 𝗟𝗼𝘂𝗶𝘀, 𝗠𝗢)

ARV: $223,587

Actual Rent: $2,600/month

Potential Rent: $5,100/month

Unit Mix: Four 3 Bed/1 Bath Unit

Occupancy: 100% Occupied

Current Rents: $650/Unit

Market Rents: $1,275/Unit

Taxes: $500

Insurance: $1,200

Utilities: Tenants pay for all utilities except for trash removal, water and sewer.

Building Square Footage: 3,900 Sq Ft

Lot Size: 7,841 Sq Ft

Year Built: 1914

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

Cap Rate (Actual): 13.27%

Cap Rate (Pro Forma): 28.36% (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:

2937 Hebert St,, Saint Louis, MO 63107

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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.