$173,000
4708 and 4710 Highland Ave,, Saint Louis, MO 63113
Current Rent **
$2,400
Projected Rent **
$3,644
(๐ฆ๐. ๐๐ผ๐๐ถ๐, ๐ ๐ข) ๐ฉ ๐ง๐ช๐ข ๐๐จ๐ฃ๐๐ ๐ฃ๐๐๐๐๐๐ ๐๐๐๐ ๐ฉ ๐ฆ๐ฒ๐ฝ๐ฎ๐ฟ๐ฎ๐๐ฒ๐น๐ ๐ ๐ฒ๐๐ฒ๐ฟ๐ฒ๐ฑ | ๐ญ๐ฌ๐ฌ% ๐ข๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ | ๐๐ฎ๐๐ต-๐๐น๐ผ๐๐ถ๐ป๐ด ๐ฉ
ARV: $208,624
Actual Rent: $2,400/month
Potential Rent: $3,644/month
DETAILS
Unit Mix: Two 1BR/1 Bath Unit
Utilities: Tenants pay for all utilities except for water and sewer.
Occupancy: 100% Occupied
Roof: < 6 Years Old
Water Heater: < 6 Years Old
Taxes: $492
Insurance: $250
Building Square Footage: 1,634 Sq Ft
Lot Size: 3,451 Sq Ft
Year Built: 1928
Units: 4
Current Rents: $600/Unit
Market Rents: $911/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: 20.50% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Location:
4708 and 4710 Highland 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.
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