Seller Financed 4 plex unit in Missouri

Buchanan County, Saint Joseph, MO, 64501
Sold
Listed at: November 22nd, 2023
Price
$232,000
Sq. Footage
1782
Type
Townhouse
Parking
Unassigned
Year build
1902
Lot size
0.11 acres
Bedrooms
1
Bathrooms
4
Half Bathrooms
0
Summary


Property taxes are estimated at $133 a month

Insurance is estimated at $104 a month



4 large renovated 1bd/ba units and a large bonus room that can be used as storage or washer/dryer room


3 units occupied currently grossing $1,925 a month all tenants are new and signed yearly leases. (3rd one signing this week)

Tenants pay all utilities, Owner pays lawn and for a small dumpster

4th unit is rehabbed and ready to be occupied

All units have gone under renovation through the year and I do not have a t-12 on this just able to provide the leases.

Property is self managed by owner also with the help of a local broker that handles leases and tenant screening


Potential gross rents $2,575 with 4th unit occupied 


Property is still positive cash flow with 3 units rented. With 4th unit rented will make for a healthy return

INTEREST 5.75% $1050 MONTHLY PAYMENT

POTENTIAL GROSS RENTS $2575 WITH 4TH UNIT RENTED WILL MAKE A HEALTHY RETURN


ENTRY FEE 32 K





Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Meredith

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