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Four Bedroom House (ref. 41700464)
Date & Time Listed: 2024-01-25 13:19:34 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Missouri, Saint Louis


Ad Details:

This fantastic large two apartment multi family home is located in Hamilton Heights and is less than 3
miles from Washington University St Louis.
The property is divided into two large two bedroom duplex apartments sitting side by side. Both
apartments have just been refurbished and made rental ready to a Section 8 standard. The house has
2 Section 8 tenants pending to move in shortly each paying $800 – $850 in rent each month.
The property is located in Hamilton Heights which is only 7 miles from Downtown Saint Louis. The
Hamilton Heights neighbourhood in St. Louis is undergoing a much needed transformation as part of a
new Blight Elimination project.. Hamilton Heights sits right next door to West End where similar
projects have now rejuvenated the area with luxury properties now in abundance. This is a good area
for speculated capital appreciation especially for large brick built multi family homes which are in
short supply for Section 8 housing.
Investment Calculations
Purchase price
$109,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$10,104
Net annual rental income:
$10,296
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
28%
Break even in
3.57 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 109,900.00 USD




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