Four bedroom house Jennings, Saint Louis County, Missouri, USA 4 Bed Townhouse £88,300 | €98,335 | $119,900 Request a Currency Exchange Quote Here

This large four bedroom multi unit is amazing value at $119,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41608542

This great opportunity to purchase a very large four apartment brick built
four apartment multi family home is located in Mark Twain, St Louis and is
just four minutes and a short walk to Walbridge School.
The property is split into four large one bedroom apartments. One of the
apartments has a long term tenant in place paying $550 in rent each month.
The remaining three apartments are now vacant. There is $15,000 included
in the price to update the three apartments to a Section 8 standard. The
work will begin after the new owner closes on the property when completed
the management company will place brand new tenants paying $650 – $700
in rent each month.

This property is located in Mark Twain, St Louis which is only 6.6 miles from
the centre of Downtown Saint Louis. This property is also walking distance
to Walbridge Elementary School, there are many great schools in this area.

 

Investment Calculation

Purchase price: 119,900

Gross annual rental income: $31,800

Property running costs: $4,557
(Tax, insurance and management costs)

Net annual rental income: $27,243

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 23%

Break even in 4.34 Years
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