Description
This 4-family has some great improvements including a new roof, two water heaters, water supply lines, and two renovated units with plumbing and electric updates - all in 2022. There's also some value-add opportunity left for you; see supplements for details. Each unit has a LR, bedroom (two private, two walkthrough), bath, kitchen, sunroom, mostly hardwood floors, and original wood trim and doors. Heat is forced air and cooling is window AC. There are 2 mostly updated stacks (one new, one older) and circuit breaker panels. Renovated units are at $675 (moving soon) and $625 (just moved in). The other two units are ready for renocations and new tenants. Rentometer shows average rent at $690; top 25% is $733. With pro forma rents at $675, less current current expenses (see supplements for RPV), this yields an NOI of 19,504. The two vacant units are available to see; the other two are available w/accepted contract. A video of 3720 1F is available here: https://bit.ly/3GwICOC.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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3,340SQFT
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$46$/SQFT
School Information
Description
This 4-family has some great improvements including a new roof, two water heaters, water supply lines, and two renovated units with plumbing and electric updates - all in 2022. There's also some value-add opportunity left for you; see supplements for details. Each unit has a LR, bedroom (two private, two walkthrough), bath, kitchen, sunroom, mostly hardwood floors, and original wood trim and doors. Heat is forced air and cooling is window AC. There are 2 mostly updated stacks (one new, one older) and circuit breaker panels. Renovated units are at $675 (moving soon) and $625 (just moved in). The other two units are ready for renocations and new tenants. Rentometer shows average rent at $690; top 25% is $733. With pro forma rents at $675, less current current expenses (see supplements for RPV), this yields an NOI of 19,504. The two vacant units are available to see; the other two are available w/accepted contract. A video of 3720 1F is available here: https://bit.ly/3GwICOC.
Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-06-02T19:39:24.613.
Clarity Street Realty: 314-963-7300
Listing provided courtesy of Radius Realty: 2664585. Listing information © 2023 Mid America Regional Information Systems, Inc.