1048 Sells Avenue, Saint Louis, MO

14.68% return

SP: $99,900

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Property Description

Turnkey Duplex!!!

Solid brick construction. 4beds/2bath upstairs, 2bed/1bath downstairs. TONS OF SQUARE FOOTAGE!!!! Great investment. Long term tenants. Separate meters for electric and gas. City water and sewer. Located in a major city. 14%+ NET RETURN ON INVESTMENT!!! Will not last.

Property management and financing is available!!

Property Information

Listing statusPending
Property typeMulti Family
Total units2
Total bedrooms6
Total bathrooms3
Building size2950 sq. ft.
Lot size0.2 acres
Year built1901

CountySt. Louis County
SubdivisionSHIELDS ADDN
ConstructionBrick
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$99,900
Estimated rehab¹$10,000
Total investment$109,900

TypeProforma
After repair value$139,900
Potential profit$30,000

Gross income (annually)$21,600
Operating expenses (annually)$5,463
Net income (annually)$16,137
Gross return19.65%

Gross income (monthly)$1,800
Operating expenses (monthly)$455
Net income (monthly)$1,345
Net return14.68%

Property Income & ExpensesMonthlyAnnual

Income

Unit Downstairs: 2 bed / 1 bath$850/month$10,200/year
Unit Upstairs: 4 bed / 2 bath$950/month$11,400/year
Total$1,800/month$21,600/year

Expenses

Property Taxes$45/month$543/year
Insurance (estimated)$83/month$1,000/year
Maintenance reserve$167/month$2,000/year
Lawn care$60/month$720/year
Water and Sewer$100/month$1,200/year
Total$455/month$5,463/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.