All Forum Posts by: Chris Monroe

Hello 👋 and welcome.

Here we have a cute 3 bedroom 1 bath home in Richmond Heights near Dale & Hanley Rd. This house has about 990 sq ft of living space sitting on a 7405 sq ft lot. It features a separate laundry area, detached garage, a cute bathroom and more. The house was built in 1920 and has plenty of charm. It is currently vacant and would make a great rental property or home for a family.

The Numbers

After Repair Value (ARV):

$145K

Repairs Needed:

All cosmetic approximately 15K

Contract Sales Price:

$105K

Cash Buyers Only Please 🙂

Contact Chris at 314-279-4922 to schedule a viewing or to submit your cash offer!

Here we have a sweet house in Affton, MO! This 2 bedroom 1 bath house has approximately 888 sq ft of living space. Features a nice fenced backyard, a beautiful sun room, a full finished basement with tuck under garage. This is perfect for a small family to buy and super easy to rent. Rent O Meter median rent puts it at $813 per month. All appliances stay as well.

The Numbers

ARV (After Repair Value) $120K

Repairs Needed – reseal bathtub & baseboards in sun room due to outdoor siding letting in moisture?

Contract Price: $85K 

CASH BUYERS only please! Looking to close ASAP

Call Chris at 314-279-4922 to set up viewing or to submit your cash offer!

Finally something for your long term rental investors. This cash cow duplex in South St Louis City has 3 bedrooms & 1 bathroom per unit! This duplex is conveniently located near public transportation, restaurants, shopping and much more. Rent O Meter shows a median of $875 rents per side. That is $1750 per month or more in rental income per month. Total that out for one year and that is $21,000.00 in annual rental income!

Upstairs Unit is vacant

Downstairs Unit currently leased for $700 per month (please do not disturb tenants)

Features:

• Large city style roomy bedrooms
• Walk out basement for easy storage
• Detached single car garage (Could be additional storage income of $50-$100 per month)
• Easy to rent to family of multiple occupants
• Roof was updated approximately 8 years ago
• 2 Central Air Conditioning Units (1 per unit)
• Partially Updated Electrical

Repairs needed:

• Replace Carpet
• Update Baths
• Needs Newer Appliances
• Touch Up Paint
• Cosmetics to make her beautiful again

THE NUMBERS

ARV: $120K

Repair Cost: $5K-$7K Cosemetics

Contract Sales Price $69,000.00 (plus buyer pays seller and buyer side transaction closing costs with title company)

Even at $700 per month each unit can bring in $16,800 per year. Have her paid off in about 4 years.

Contact Chris at 314-279-4922 to schedule viewing or to submit your cash offer.

CASH BUYERS ONLY please. I have several other wholesale deals in the St Louis area as well. Contact to be added to email list.

Video Walk Through of Upstairs Unit

Here we have a nice three story home located in the Central West End. This house has been almost completely updated. Approximately 2106 sq ft of living space on a 3833 sq ft lot. There are 6 bedrooms, 2 full baths and 2 half baths.

Features:

• Completely New Kitchen + New Appliances
• Newly Remodeled Bathrooms
• Some New Windows
• Fresh Duct Work Just Installed
• Updated Electrical
• Many Original Architectural Features Throughout
• Brand New Carpet in Most Areas
• Some New Plumbing
• Many Other Updates!

This house is about 90% complete. Some of the repairs still needed are:

• New or refinish hardwood floors
• Light Fixtures in most rooms
• Needs 2 new Air Conditioning Units
• Some Interior & Exterior Paint
• Add closets into 2 bedrooms or just keep them as office space

As you can see, majority of the heavy lifting has been completed. This is a perfect deal for a new rehabber or a seasoned real estate investor.

The Numbers:

After Repair Value (ARV) $260K or more depending on your finishes

Repair costs approximately $10K

Contract Price: 185K (Buyer Pays Seller & Buyer Side Transaction Closing Cost With Title Company)

Rental income $1600.00 per month PLUS according to Rent O Meter

Viewing is by appointment. Please call Chris at 314-279-4922 to view or to submit your cash offer.

CASH BUYERS ONLY

St Louis should be on this list somewhere. You may even be able to pickup two properties for the $75K in some cases.

Great! We get new deals every few days. Some get posted here. The fastest way to be notified is through email which is sent out the first day.

Chris

Here we have this gorgeous duplex in Affton, MO. 2 bed / 2 bath per side with 2nd level large enough for 2 more bedrooms! 1590 sq ft of living space plus the partially finished upper level.

Features:

• Large separate walk out basements
• Fireplaces
• Beautiful Stained Glass Windows
• 3 Air Conditioning Units that cool all 3 levels
• Plenty of Storage Space
• Detached Garage for parking
• Large Backyard
• Hardwood Floors Throughout
• Updated Roof with Sky Lights

ARV: $158K

Rental Income: $1200-$1400 per month ($600 per side) More if upper level is finished.

Repairs: 15K (Update kitchen & baths. Repair Leak from front porch into basement. Repair Garage Interior)

Contract Price: $118,000 Plus Buyers Pay ALL transaction closing costs with title company.

Contact Chris for viewing at 314-279-4922

Three Bedroom, One Bath Solid Brick Ranch Home Featuring Brand New 30 Year Architectural Shingle Roof in 2016, Updated Six Panel Doors & Light Fixtures, Newer Carpeting Throughout. Spacious Front Living Room with Updated Vinyl Window leads to Separate Dining Room. Eat-In Kitchen with Pantry Storage and Refrigerator Stays. Rear Sun Room with Exterior Access is Serviced by HVAC. Cinder Block Foundation with Tuck Under Basement Garage for Storage!

(This property overview is from the previous listing when the home was listed for sale in Jan 29, 2017. Photos are from that listing as well. Please use as a guide to understand layout of home. Updated pictures coming soon!) This home has been lived in for about a year and a half.

The Numbers!

ARV - $32K

Repairs - Light $2K-3K

Contract Price - $19,200.00 plus buyers pay all closing cost

Rental Income Potential - $850.00

Great for a Section 8 landlord or easy buy and hold!

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Call Chris at 314-279-4922 to schedule a viewing or to submit your CASH OFFER!

Renting will NEVER die. With more and more baby boomers coming of age and the younger generations NOT looking forward to owning a home but looking for freedom, renting will always be a great solution. Not to mention that younger people coming up now are generally lazy and do not want to work load or responsibility of owning a home. So get those leases ready!