$68,900
4008 N 21st St, St Louis, MO 63107
Current Rent **
$900
Projected Rent **
$2,200
Unit 1 Details
- Current Rent: $450
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent: $450
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 3 Details
- Current Rent:
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: Yes
- Off MLS: No
Unit 4 Details
- Current Rent:
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Quadplex For Sale
Quadplex For Sale
Property Manager in place and ready to work with the buyer upon closing.
Motivated seller. Huge price drop to $68900, priced for quick sale.
2 units occupied, 2 units vacated this year and needs cosmetic rehab.
Market rent in the buildings current condition is $550 per unit
4008 N 21st St St Loiuis, MO 63107
4- 1br 1 Bath Units
Asking only $68,900 (yes this is real) Closing through a Title Company
3864 sq. Ft.
1 Block from Hyde Park so great buy and hold development all around 7 min from downtown.
1 Mile from NGA
Furnace 4 years old
Updated windows solid brick well maintained.
Roof was resealed 6 years ago.
The building was just inspected last week. For those who have proof of funds I would be happy to provide the inspection report. I also had a general contractor walk the building and provide a repair estimate to fix all of the inspection items and rehab all 4 units. The total rehab was $60k and with this rehab the building could generate $700 per unit.
Operate it as is with very little rehab at $500 per unit or rehab to generate $700 per unit.
In the attached picture the numbers show what the return would be if just the minimum was done to get all 4 units occupied and generating a total of $2000 monthly.
Location:
4008 N 21st St, St Louis, MO 63107
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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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