$297,000
5006 & 5008 Cates Ave, St. Louis, MO 63108
Current Rent **
$1,500
Projected Rent **
$6,346
(๐ฆ๐. ๐๐ผ๐๐ถ๐, ๐ ๐ข) ๐จ ๐ง๐ช๐ข ๐๐จ๐ฃ๐๐๐ซ ๐ฃ๐๐๐๐๐๐ ๐๐๐๐ ๐จ ๐ฆ๐ฒ๐ฝ๐ฎ๐ฟ๐ฎ๐๐ฒ๐น๐ ๐ ๐ฒ๐๐ฒ๐ฟ๐ฒ๐ฑ | ๐๐ฟ๐ถ๐ฐ๐ธ | ๐๐ฉ๐๐ & ๐ฅ๐ผ๐ผ๐ณ <๐ญ๐ฌ ๐ฌ๐ฟ๐ ๐ข๐น๐ฑ | ๐ณ๐ฑ% ๐ข๐ฐ๐ฐ๐๐ฝ๐ถ๐ฒ๐ฑ ๐จ
ARV: $375,644
Actual Rent: $1,500/month (With 75% Occupancy)
Potential Rent: $6,346/month
DETAILS
Unit Mix:
Duplex 1: Two 2BR/1 Bath Unit
Duplex 2: Two 3BR/2 Bath Unit
Occupancy: 75% Vacant
Utilities: Tenants pay for all utilities except for water and sewer. (Separately Metered)
Roof: <10 Years Old
HVAC: <10 Years Old
Windows: Most have been replaced
Construction: Brick
Taxes: $744
Insurance: $400
Building Square Footage:
5006 Cates Ave - 3,678 Sq Ft
5008 Cates Ave - 2,970 Sq Ft
Utilities: Tenants pay for all utilities except for water and sewer.
Lot Size: 3,183 Sq Ft
Year Built: 1898
More Info: Full Basements and Attached Garages
Rehab Needed: Minimal/Cosmetic & Paint
Units: 4 (2 Duplexes)
Current Rents: $500/Unit. Two units are vacant.
Market Rents: $1,512-$1,661/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: 21.14% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Location:
5006 & 5008 Cates Ave, St. Louis, MO 63108
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** 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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