$70,000
4432 Elmbank, St Louis, MO 63115
Current Rent **
$1,450
Projected Rent **
$1,500
Unit 1 Details
- Current Rent: $750
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 1000 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Unit 2 Details
- Current Rent: $700
- Bedroom: 2 bd
- Bathroom: 1 ba
- Square Footage: 1000 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: Yes
Turnkey Duplex with tenants and property management
I have a turnkey duplex for sale with tenants and property management in place for an out of state buyer!!!
The gross yearly rent return is 25%
4432 Elmbank St Louis, MO 63115
Rented at $700 and $750.
Tenants pay all utilities except sewer(about $100 monthly)
Asking $70,000 (Seventy Thousand Dollars)
Monthly Rent $1450
Excellent price to rent ratio
Has two vacant lots next to it.
Property tax is only $253 yearly
Property management charges 10% of rent received
The tenants are current on rent and have good payment history. I have rent rolls available. It has been professionally managed and maintained. The area would be considered C or D class but investors are coming into the the area and fixing up multifamily properties to take advantage of the price to rent ratios. The city has also recently torn down buildings in the area that were in disrepair which is why the property has vacant lots next to it.
The exterior photos and drone pics were taken Monday. I do have interior photos from prior to the tenants moving in but we will be doing an inspection Monday to gather more condition information and to get interior photos as well.
Recent interior repairs include
Window repairs
Cabinet repairs
Faucet repair
Painted walls and trim
Installed smoke detectors & carbon monoxide
Installed sump pump
Recent exterior repairs include
Scrape loose paint and repaint
Tuckpoint where needed
The owner had the roof inspected in August and had the recommended repairs completed. It is a modified bitumen flat roof
This property is priced for quick sale for an investor who has the ability to close quickly. Start collecting rent on day 1! Turnkey duplexes with tenants in place, in this condition, and offering this rent return, in this price range are not common. For those with proof of funds, I have available: additional photos, rental proforma, repair details, leases, rent rolls, and will be getting a condition report and interior photos tomorrow.
Mark Callicott
2173160611
[email protected]
Location:
4432 Elmbank, St Louis, MO 63115
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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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