St Louis distressed property with 21% cash on cash or $2,150 in potential income

[Jesus Morales]

St Louis investors, check out this value add property in the Dutchtown / Gravois Park area. 

Here are the details on the property

-New Roof (2 years), New Electrical & box (2 years)

-No foundational issues

-No structural damage

-Needs - Plumbing, Water heater, HVAC, Furnace and Cosmetic updates

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Flip comps

-3844 Michigan Ave, St. Louis, MO / bed & bath: 4-2.5 / living sqft: 2,114 / sold: $290,000

-2713 Meramec St, St. Louis, MO / bed & bath: 3-3  / living sqft: 1,904 / sold: $273,000

-2719 Meramec St, St. Louis, MO / bed & bath: 4-3 / living sqft: 1,596 / sold: $250,000

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Property also has the potential to bring in $2,150 in rental income if rezoned into a duplex

Rental comps

- Average rent for 2 / 1 in the area is $1,200

- Average rent for 1 / 1 in the area is $950

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Property is on a lockbox, message me for access or for any other questions you may have!

*Cash or hard money offers only

Photo link: https://drive.google.com/drive/folders/1JNqNlHrzxtEPIZm4HKzO...