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Eight Bedroom House (ref. 41390987)
Date & Time Listed: 2020-11-19 11:07:24 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 8, Number of Bathrooms: 8
Posted From: United States, Missouri, Saint Louis


Ad Details:

This fantastic brick built 8 apartment multi family home bedroom is located in Walnut Park East, St Louis and is just two minutes and walking distance from Northwest High School. The property is split into eight, one bedroom apartments. Four of the apartments are rented at $450 each month and one apartment is rented for $500 each month. The vacant 3 apartments are rental ready and the management company will place brand new tenants when the new owner closes on the property paying $450 – $500 each month. The building has dedicated parking spots at the side of the building. The basement has coin operated laundry for tenants and storage lockers and the building has also passed all city inspections.
This property is located in Walnut Park East, St Louis which is only 7.2 miles from the centre of Downtown Saint Louis. This property is also close to Northwest High School, there are many great schools in this area.
Investment Calculation
Purchase price: 249,900
Gross annual rental income: $45,900
Property running costs: $9,455
(Tax, insurance and management costs)
Net annual rental income: $36,145
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 15%
Break even in 6.6 Years
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 8
Number of Bathrooms: 8

Price: 249,900.00 USD




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