3008 & 3016 Henrietta Avenue, St. Louis, MO 63104
$195,500 (Listed Sold)

Two Large Side By Side 4 Families With 2 & 3 Bed Units Near SLU Medical Center

*click image to start slideshow

Invest in St. Louis

 

Can Be Purchased As A Package or Individually
Great Location, Walking Distance to St. Louis University, Lafayette Square
Close To Both Highway 40 & 44
Fully Rented Both Buildings Generate $65,220 Annually

3016 – 3018 Henrietta

 

Building Features

  • 3 units updated 2008-2012
  • HVAC was replaced for all units in 2009
  • Roof was tarred in 2013
  • Soffit was rebuilt in 2013
  • PVC plumbing throughout the building
  • Vinyl windows throughout building
  • Units are rented for under market rent, identical building to the east has 3 bed renting for $850
  • 4,950 Sq ft building with approx 1,200 sq ft units

Income/Expenses

  • 3016- 2 bed unit rents for $685
  • 3016 A- 3 bed unit rented for $750
  • 3018- 2 bed rented for $585 (only unit that is not updated, needs kitchen and bath update)
  • 3018 A- 3 bed unit rented for $635

Total Gross monthly income $2,595

Total Gross annual income $31,140

 

  • Taxes $1,285
  • Insurance $800
  • Water and Sewer $2,500
  • Maintenance $2,500

Total $7,085

Net annual income after expenses $24,055

 

Asking Price $203,000

Priced at an 11.8% cap rate

 

3008 – 3010 Henrietta

 

Building Features

  • All of the units have been updated 2009-2011.
  • New HVAC was installed in all of the units in 2009.
  • New roof was installed in 2013 with a 12 year guarantee.
  • Soffit was rebuilt in 2013.
  • PVC plumbing throughout the building.
  • Vinyl windows throughout building. New carpet just put in this month.
  • Units are rented for under market rent, identical building to the east has 3 bed renting for $850
  • 4,950 sq ft building with approx 1,200 sq ft units

Income/ Expenses

  • 3008- 2 bed unit rented for $685
  • 3008 A- 3 bed unit rented for $735
  • 3010- 2 bed unit rented for  $685
  • 3010 A- 3 bed unit rented for $735

Total Gross Monthly Income $2,840

Gross Annual Income $34,080

 

  • Taxes $1,263
  • Insurance $800
  • Water & Sewer $2,500
  • Maintenance $2,500 (average)

Total $7,063

Net annual income after expenses $27,017
Asking Price $209,000

Priced at a 12.9% cap rate

 

Jordan Schoen Is A Licensed Broker In The State Of Missouri

 

Check Out This Property’s Video Tour

http://youtu.be/LJOiz8EyDAw

 

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Property Details:
Square Footage: 4,950 County: St. Louis City Units: 1-4 Condition: Rehab Needed Occupancy: Fully Occupied Parking: On Street Parking Heating: N/A Cooling: Central Electric Construction: Brick, Stone Basement: Other
Home Amenities:
  • Some Dishwashers
  • Microwaves
  • Fridge
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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