$159,000
4365 Cook Ave, Saint Louis, MO 63113
Current Rent **
N/A
Projected Rent **
$5,860
Unit 1 Details
- Current Rent:
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent:
- Bedroom: 0 bd
- Bathroom: 0 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Unit 3 Details
- Current Rent:
- Bedroom: 0 bd
- Bathroom: 0 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Unit 4 Details
- Current Rent:
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 5040 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
ðĻ PĖēRĖēIĖēCĖēEĖē DĖēRĖēOĖēPĖē ðĻ (ðĶð. ððžððķð, ð ðĒ) ðððĨðð ðĪðĻðððĢðððŦ | ððđðđ ðŪ ððēðąðŋðžðžðš ðĻðŧðķðð | ðĄðēðēðąð ð ððķðððđðē ð§ðð | ðĶðēð―ðŪðŋðŪððēðđð ð ðēððēðŋðēðą
ARV: $325K
Potential Rent: $5,860/month
Rehab Estimate: $115K
DETAILS
Unit Mix: Four 2 BR/1 Bath Units
Occupancy: 100% Vacant
One unit occupied, but occupant not paying rent
Taxes: $368
Insurance: $700
Building Square Footage: 5,040 Sq Ft
Utilities: When occupied, tenants pay for all utilities except for water and sewer.
Lot Size: 0.31 Acres
Year Built: 1896
Repairs Needed:
Needs new roof. Owner says it leaks
All mechanicals are older than current Owner's 8 year tenure
Needs tuckpointing
Collapsed wall
Cosmetic repairs throughout
Post-Rehab ($115K) cap rate = 18.10%. Wow!
Units: 4
Current Rents: Vacant
Market Rents: $1,465/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 Cash on Cash Return: 28.73% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
Location:
4365 Cook 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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