SELLER FINANCED 6 PACK MULTI FAMILY AVAILABLE NOW DONT MISS OUT!!

St. Louis, MO, 63111
Sold
Listed at: July 27th, 2023
Price
$1,450,000
ARV
$2,000,000
Gross Margin
$550,000
Sq. Footage
4000
Type
Multifamily
Parking
Street
Year build
1950
Lot size
acres
Bedrooms
26
Bathrooms
26
Half Bathrooms
0
Summary

Attention Investors looking to acquire over 14 units and 26 Combined doors! This 6 pack portfolio consists of 5 Duplex's and 1 quadplex located in a great rental market area! This is a very rare and great opportunity to get your hands on a turnkey duplex that is already cash flowing!! walk throughs only after accepted LOI.

-Turnkey homes

-Renters always pay on time

-Great rental markets

-Walk though only after accepted LOI


Notable items:

-Only asking $1,490,000 (propose terms that would work for you)

-The sale price is how we calculated the overall portfolio sale amount. That is not the price for each to be sold individually.

-A couple of these mortgages she is actually preparing to completely pay off, but I still included the mortgage payment amount so that the calculations were consistent for all properties.

-Property management fees are not included. We are firing them this week and their billing situation is a nightmare that I have to unravel this week. Buyer should self manage or price a new property management company

- At renewal, all tenants are due for rent increases. Portfolio has not been managed aggressively enough in this area, in my opinion

- At renewal, owner/buyer should consider not covering utilities anymore. Portfolio has not been managed aggressively enough, and it has been set up this way for too long.

- All properties have been recently updated/repaired. Storm claim is in on Dunnica, with the insurance preparing to pay for repairs. Will report the final result on this when available

🔥Contact me today at 586-556-1365 to set up a walk through and to submit your highest and best offer🔥

BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.
● Buyer pays all closing costs
● Get in touch with us now!
NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER.
Make an Offer: Submit your offer and information at the top of this screen by clicking "Make an Offer".
Contract: A contract will be delivered electronically once an agreement has been made and must be executed by Final Buyer within 24 hours. Once the contract is signed, we will introduce you to our third party Title Company we use who will help facilitate the closing process.
Earnest Money Deposit (EMD) must be wired to the Title Company within 1 day of Contract signing.
Closing Costs: End Buyer will pay all closing costs and will be outlined on the final settlement statement of the deal. 

💪 YOU CAN CLICK THE 🙌 WIN IT NOW BUTTON AND AVOID ALL THE BIDDING (WHICH WILL HAPPEN ON THIS DEAL) AND 🔐 LOCK IT DOWN RIGHT NOW 💥

DISCLAIMER: This is an Assignment of Contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT Brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

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

Dominic Lafata

No reviews

Disposition manager