High Potential ARV with Duplex Configuration 🏡💸

Property Details:

• Beds/Baths/Sqft: 4 beds 🛏️ / 2 baths 🚽 / 1,824 sqft (Two units: 2/1 each, 912 sqft per unit) 📋

• Purchase Price: $90,000 💵 (+TC + CC)

• After Repair Value (ARV): $210,000 📈

• Estimated Rehab Cost: Full gut renovation needed 🔨

• COE (Close of Escrow): Dec 18th 2024 📅

• Occupancy: Vacant 🚪

Property Condition:

• Roof: Replaced within the last 3 years 🏰

• Foundation: Good condition 🛠️

• HVAC: Needs replacement 🔥🌡️

• Windows: Needs replacement 🏠

• Electrical: Needs work 🛠️

• Plumbing: Needs work 🔧

• Basement: Yes 🚽

• Gutters: New 💧

Rental Income Potential:

• Current Rent: Vacant (no current rent) 🏠

• Long-Term Rental (LTR): Estimated at $2,200/month 💸

• Mid-Term Rental (MTR): Not specified

• Short-Term Rental (STR): Not specified

Comparable Sales (Comps):

1. 3720 Gasconade St, St. Louis, MO 63116 - Sold for $200,000; 4 beds, 2 baths, similar layout 🏡

2. 3635 Tennessee Ave, St. Louis, MO 63116 - Sold for $215,000; 4 beds, 2 baths, recently renovated 📈

3. 3800 Hydraulic Ave, St. Louis, MO 63116 - Sold for $205,000; 4 beds, 2 baths, upgraded duplex 📈

Investment Highlights:

• Full Duplex Configuration: Perfect for dual rental income, each unit 2 beds and 1 bath 🛢️🟢

• Significant Equity Potential: ARV of $210,000 provides a strong equity margin after rehab 💸

• Location Advantage: Located in a rental-friendly neighborhood in St. Louis with high demand for duplex units 📍

• Flexible Viewing Arrangements: Property is vacant and ready for showings by appointment 📅

Why This Deal is a Great Opportunity: This duplex offers significant potential for both rental income and appreciation after a full rehab. With a low purchase price and a high ARV of $210,000, investors have an opportunity to add substantial value. Located in a popular rental market in St. Louis, each unit's long-term rental potential of $1,100 per unit (total $2,200/month) offers a lucrative investment opportunity.

All offers due by: November 23, 2024