Strike Zone Investment PropertiesStrike Zone Investment Properties
HOT Off Market Saint Louis, MO - SFH/Duplex Rental Opportunity!
Property Details:
Status: Occupied
Address: 4029 Cote Brilliante Ave, Saint Louis, MO 63113
County: Saint Louis
Property Type: Single Family/Duplex
Bedrooms: 4
Bathrooms: 3
Square Footage: 1888
Year Built: 1909
Lot Size: 2,853 sqft
This Single Family property is located just few blocks from Ranken Technical College. This property are currently Occupied. Although it is move in ready and can be rented as is, it will need a Cosmetic to Mid Level Rehab and upgrades to spice up its life. To maximize cash flow and fetch top rental rates, this property can be converted easily back to a Duplex. Below are some details of the majors that were observed during initial walkthrough.
HVAC: No issues observed
Electrical: Copper wires, no issues observed
Plumbing: No leaks observed
Foundation: No issues observed
Roof: No issues observed
Pricing Details:
Asking Price: $55,000
Minimum EMD: $3,000
Exit Strategy:
The ideal exit strategy for this property would be to buy it, perform a Cosmetic level rehab, cash out and hold it long term while collecting the rental income. Or convert the property back to a Duplex to maximize income potential. Rent rates in this area show that this property can rent out for around $1,800+/mo.
Buyer Guidelines for Purchasing:
-$3K EMD – non-negotiable.
-Buyer pays all closing costs.
-First Come First Serve at asking price.
-Site unseen offers welcomed, considered, and accepted.
-If a showing is scheduled, highest and best offers taken after showing.
-You miss 100% of the shots you don’t take so be sure to submit an offer.
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