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Updated 10 months ago on .

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

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...