Description
Great opportunity to finish up a little rehab and get instant equity. Duplex with most of the hard work complete. New furnaces but do need the condensers. Electrical has about 2k more to finish, some drywall and finishing out work to your specifications. Possibility to make the downstairs a 3 bedroom by enclosing the sunroom. Upstairs has a bonus room that will be a great leasing addition. Rents for a 2 bedroom are @1,000 and the 3 bedrooms are around $1200. Over $26,000 of gross rent collected a year at this layout. The finishing out for the building was quoted around $25,000. So your ROI is around 17%! Perfect BRRRR project!
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Great opportunity to finish up a little rehab and get instant equity. Duplex with most of the hard work complete. New furnaces but do need the condensers. Electrical has about 2k more to finish, some drywall and finishing out work to your specifications. Possibility to make the downstairs a 3 bedroom by enclosing the sunroom. Upstairs has a bonus room that will be a great leasing addition. Rents for a 2 bedroom are @1,000 and the 3 bedrooms are around $1200. Over $26,000 of gross rent collected a year at this layout. The finishing out for the building was quoted around $25,000. So your ROI is around 17%! Perfect BRRRR project!
Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-06-05T23:39:12.183.
Clarity Street Realty: 314-963-7300
Listing provided courtesy of Knight And Drews: 4549942. Listing information © 2023 Mid America Regional Information Systems, Inc.