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For sale 10 days ago

$205,000

5+ bd 3 ba 3240 sqft

3603 Marcus Ave, Saint Louis, MO 63115

Residential Quadplex Occupied Off MLS

Current Rent **

$3,300

Projected Rent **

$3,584

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $900
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $900
  • Bedroom: 0 bd
  • Bathroom: 0 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $600
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent: $900
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 3240 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

๐Ÿ˜€ (๐—ฆ๐˜. ๐—Ÿ๐—ผ๐˜‚๐—ถ๐˜€, ๐— ๐—ผ) ๐Ÿ˜€ ๐Ÿญ๐Ÿฌ๐Ÿฌ% ๐—ข๐—ฐ๐—ฐ๐˜‚๐—ฝ๐—ถ๐—ฒ๐—ฑ ๐—ค๐—จ๐—”๐——! | $๐Ÿฏ๐—ž ๐— ๐—ผ๐—ป๐˜๐—ต ๐—”๐—ฐ๐˜๐˜‚๐—ฎ๐—น ๐—ฅ๐—ฒ๐—ป๐˜ | ๐—ฆ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐˜๐—ฒ๐—น๐˜† ๐— ๐—ฒ๐˜๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐Ÿ˜€

ARV: $286,650

Actual Rent: $3,000/month

Potential Rent: $3,308/month

ACTUAL CAP: 13.91%

Unit Mix: Two 2BR/1 Bath Unit and Two 1BR/1 Bath Unit

Occupancy: 100% Occupied

Taxes: $700

Insurance: $900

Building Square Footage: 3,240 Sq Ft

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

Lot Size: 4,050Sq Ft

Year Built: 1925

Units: 4

Current Rents: $600-$900/Unit

Market Rents: $689-$965/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 CAP Rate: 15.44% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

Location:

3603 Marcus Ave, 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.