1715 South 5th Street St. Charles, MO 63303
$540,000 (Listed Sold)

Pre MLS- Two St. Charles Updated Side By Side 4 families With Large 2 Bed Units For Sale

*click image to start slideshow

Invest in St. Louis

Building Features

  • Opportunity to purchase turn key side by side 5280 Sq Ft four families with 2 bed units.
  • 8 total units with 16 bedrooms with 1250 sq ft units that will be sold as a package.
  • 6 of 8 units are currently rented below market rent. Current rents are $625,$625,$600,$625,$625,$625
  • Market rent for similar size 2 bedrooms units in St. Charles is $750-$1,000
  • Fully rented at $750 each building would generate $6,000 monthly and $72,000 a year.
  • Building features off street parking, central air, updated electric, newer vinyl windows
  • Hardwood floors have all been refinished, 7 of 8 furnaces have been replaced in the last 6 years.
  • Roof, Soffits and fascia were replaced 6 years ago.
  • Each tenant has their own private storage and the building comes with security cameras that stay with the building.

Annual Expenses

  • Electric $751
  • Water/Sewer $2,255
  • Trash $2,460
  • Pest Control $480
  • Landscaping/snow removal $500
  • Taxes $5,486
  • Insurance $3,800
  • Total 15,732
  • Potential Gross Rent $72,000
  • Vacancy (6%) $4,320
  • Expenses $15,732
  • Potential net income $51,948
  • Potential cap rate based off market rent is 9.1%
  • Paying buyers agents 2.7%

Check Out The Video Tour Of The Property At Our YouTube Channel!

http://youtu.be/5fW9iDSHJwI

 

Jordan Schoen Is A Licensed Broker In The State Of Missouri

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Property Details:
Square Footage: 5,280 County: St. Louis City Units: 1-4 Condition: Turn Key Occupancy: Fully Occupied Parking: On Street Parking Heating: Gas Heat Cooling: Central Electric Construction: Brick, Wood Basement: Other
Home Amenities:
  • Some Dishwashers
  • Vinyl Windows
  • Wood Windows
  • Washer/Dryer
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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