Rock Island Realty

4401 Harris Avenue

St Louis, MO 63115

MLS#: 21004539

$80,000

Status: Closed
Listing number: 21004539
Listing provided by: Property Emporium
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Ofallon Heights Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1912

Sq.Footage

2,432

Urban investors, this one is for you! Current investor seeking to let this one go for your benefit. Lower unit has long term tenant (15 years), paying $600 per month. Recently updated 3 bedroom upper unit can rent Sec. 8 for $800-$900 per month. Fresh paint and vinyl click plank flooring recently installed in upper unit. Upper/Lower baths and kitchens have low maintenance ceramic tile flooring. Plumbing, electrical, windows and roofing have all been updated during current investor's ownership. The building is low maintenance, located near major thoroughfares, public transportation and Hwy 70. Cash purchase CAP rate on $80k is 14.5%. Financed purchase with 20% down, 4.5% interest rate, Cap rate on $80k is 12.6%, both CAP rates figured with a 20% annual vacancy rate. Annual real estate taxes for 2020 were less than $400. This property is a CASH COW. Bring your bucket and milk this one for all you can! See uploaded Rental Verification for annual expense record.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2432.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Radiant, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick Veneer

  • Parking

    Additional Parking, On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.153

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $80,000

  • Tax Amount

    $287

  • Sq. Footage

    2, 432

  • Price/SqFt

    $32

HOA

  • Association

    No

School District

  • Elementary School

    Ashland Elem. and Br.

  • Middle School

    Yeatman-Liddell Middle School

  • High School

    Vashon High

Property Features

  • Ownership

    Private

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St Louis City-MO

Elementary School

Ashland Elem. and Br.

Middle School

Yeatman-Liddell Middle School

High School

Vashon High

Listing Courtesy of Tamika G Evans , Property Emporium

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Agent Nina Harmon

AGENT

Nina Harmon

Call Nina today to schedule a private showing.

(573) 280-0355

harmonrrs@gmail.com


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Urban investors, this one is for you! Current investor seeking to let this one go for your benefit. Lower unit has long term tenant (15 years), paying $600 per month. Recently updated 3 bedroom upper unit can rent Sec. 8 for $800-$900 per month. Fresh paint and vinyl click plank flooring recently installed in upper unit. Upper/Lower baths and kitchens have low maintenance ceramic tile flooring. Plumbing, electrical, windows and roofing have all been updated during current investor's ownership. The building is low maintenance, located near major thoroughfares, public transportation and Hwy 70. Cash purchase CAP rate on $80k is 14.5%. Financed purchase with 20% down, 4.5% interest rate, Cap rate on $80k is 12.6%, both CAP rates figured with a 20% annual vacancy rate. Annual real estate taxes for 2020 were less than $400. This property is a CASH COW. Bring your bucket and milk this one for all you can! See uploaded Rental Verification for annual expense record.

4401 Harris Avenue

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