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Archived 9 months ago

$9,500

4 bd 2 ba 1986 sqft

5985 Romaine Pl, Saint Louis, MO 63112

Residential Duplex Off MLS

Current Rent **

N/A

Projected Rent **

$2,216

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: 1986 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes

2 Unit Duplex in St. Louis, Missouri

Opportunity knocks at 5985 Romaine Pl, St. Louis, Missouri 63112, for the investor with a vision!

This duplex offers not one, but two units, each featuring 2 bedrooms and 1 bathroom. Currently 100% vacant, due to major fire damage, this property is a blank canvas awaiting your creative vision. Imagine the potential with a gross rental income of $2,216 per month when fully occupied. Tenants are responsible for all utilities, ensuring maximum profitability for savvy investors.

While it does need full rehab and upon completion, the pro forma cap rate shines at a remarkable 215.32%, making this a golden prospect for those who seize it.

Don't miss your chance to turn this diamond in the rough into a shining gem – act now and secure this duplex for just $10,000.

Your next real estate success story begins here at 5985 Romaine Pl!

Location:

5985 Romaine Pl, Saint Louis, MO 63112

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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.