$130,000
5512-5514 Virginia Ave, Saint Louis, MO 63118
Current Rent **
$2,065
Projected Rent **
N/A
Unit 1 Details
- Current Rent: $595
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 900 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
Unit 2 Details
- Current Rent: $595
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 900 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
Unit 3 Details
- Current Rent: $280
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 900 sqft
- Occupied: Yes
- Needs Repairs: No
- Off MLS: No
Unit 4 Details
- Current Rent: $595
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 900 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: No
Turnkey 4-plex in Saint Louis
If you're looking for a turnkey multi-family in an inexpensive market here's your chance. This south city Saint Louis 4-plex has been fully renovated and is under local management.
- Large 1bed/1bath units that are shotgun style so some of our renters make them 2 bed/1bath.
- 3 of the 4 units are rented (2 at market rate of $595, 1 inherited renter at $280, 1 vacant).
- $2380/mo in potential rent (market rate is $595/unit)
- Cashflow is very good. See screenshot of BP Buy/Hold Calc. These are actual costs we pay (taxes, insurance, utilities). Calc run with full occupancy assumption, assuming 10% vacancy, 10% Capex, 10% maintenance.
- Existing property management also handles any renovations or repairs that need to happen between tenants so it's great for out of state investors.
- Looking to 1031 exchange into a larger property otherwise we'd keep this one.
DM me please.
Location:
5512-5514 Virginia Ave, Saint Louis, MO 63118
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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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