$205,000
3603 Marcus Ave, Saint Louis, MO 63115
Current Rent **
$3,300
Projected Rent **
$3,584
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
๐ (๐ฆ๐. ๐๐ผ๐๐ถ๐, ๐ ๐ผ) ๐ ๐ญ๐ฌ๐ฌ% ๐ข๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ ๐ค๐จ๐๐! | $๐ฏ๐ ๐ ๐ผ๐ป๐๐ต ๐๐ฐ๐๐๐ฎ๐น ๐ฅ๐ฒ๐ป๐ | ๐ฆ๐ฒ๐ฝ๐ฎ๐ฟ๐ฎ๐๐ฒ๐น๐ ๐ ๐ฒ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐
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.
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