-Opportunity to rehab a historic home built in 1890 in Soulard.
-This home is a 3 story row house that is approximately 2300 sq ft with 4 beds and 2 full baths.
-This 9 room home has a nice layout with high ceilings, hardwood floors, original woodwork and trim, large original windows on a quiet street.
-This home qualifies for federal and state historic tax credits up to 45% of the renovation costs.
-Renovation costs to completely renovate the home are approximately $115,000.
-Similar sized row houses close by in Soulard have recently sold for $440,000, $407,000, $396,000. (see photos and description of comparable home sales below).
-Potential equity/profit of $122,000 after rehab based off of lowest comparable sale along with potential tax credits of up to $51,750 based on $115,000 renovation cost for a total of $173,750.
Asking $137,500 Paying Buyers Agent 2.7%
-1925 S 10th St Louis, Mo 63104
2,000 Sq Ft home sold 9/30/16 for $440,000 ($220 ft)
-2342 S 12th St Louis Mo 63104
2,210 Sq Ft home sold 7/01/16 for $407,250 ($183 ft)
-1923 S 10th St Louis, Mo 63104
1,792 Sq Ft home sold for $396,000 ($220ft)
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