$80,000 · ST. LOUIS, MO 63112
Works for flippers

Available

$80,000Asking price

4 bd · 2 ba · 2,398 sq ft · built 1898

ST. LOUIS, MO 63112

No contract on file

via InvestorLift Classic

Listed Oct 29

Works for flippers

The Numbers

Sells for (ARV)From the listing: $195,000
Asking price: −$80,000
RepairsMiddle of the seller’s $50,000 – $60,000. Ours: $74,500 – $134,500: −$55,000
Loan, holding, closing20% down, 12% interest, 2 points, 82 days: −$11,255
Profit25.0% of ARV · flippers want 10%+: $48,745
Works

Works for a flipper up to $107,000.

OITICE VENTURES LLC

Thomas McCullough

No reviews yet

Comps

ARV $195,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $319,000.

The sales behind this value are shown to members.

ARV $195,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

OITICE VENTURES LLC

Thomas McCullough

No reviews yet

Seller Description

FREE PROPERTY IN 12 WEEKS - Contact Tom at 615.613.5961 and let me show you how.$80,000 ($40k per door) brick 2-family, North St. Louis City (Zip - 63112). Cash Flow range - $700-$750

Underwritten conservatively.

Walkthroughs by appointment (24-hour notice) · Offers due Mon 11/9, 6 PM CT

$1,000 EMD received by Tues 11/10, 6 PM CT · COE on or before 11/18

THE PROPERTY

Two 2-bed/1-bath units, 2 kitchens, full basement, 2,398 sf, delivered vacant
Heavy systems done: all-new ductwork and heat distribution on both floors
Separate electric panel, electric meter, and gas meter per unit; 2 water heaters
Tenants pay their own utilities

WHAT IT NEEDS

Roof replacement, two A/C condensers, porch carpentry, paint/plaster, kitchen and bath refresh, cleanout

Seasoning: Multiple DSCR lenders allow cash-out right after a documented rehab, especially for those with experience; many require 3-12 months. Terms obviously vary.

LOCATION (straight-line)

0.5 mi to two MetroLink stations · 0.7 mi Delmar Loop
1.2 mi Washington University · 2.4 mi Barnes-Jewish Hospital

MAKE AN OFFER

Submit anytime on this listing, or text Tom 615.613.5961. Send proof of funds for the address and a walkthrough spot.

TRUST

Under contract · closing by double close.

Offered by a party under contract to purchase the property, which will close on that purchase immediate before selling to the buyer (double close). Information is believed accurate but not guaranteed; all figures are estimates. Buyer to verify any and all information needed to and complete their own due diligence. Sold as-is. Not lending, tax, legal or financial advice. Built 1898: federal lead-based paint disclosure applies.