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South City Townhome Duplex with Great Return on Investment. 17.9% Cap!

3943-45 Oregon Ave., St Louis, MO 63118
$54,400

Description

Large South City Duplex with 2 story, townhome style units each with 3 bedrooms and 2 full baths. The first floors feature a living room, full dining room, eat-in kitchen, and a full bath. On the second floors there are 3 bedrooms plus an additional full bathroom. Each side has a private basement with newer mechanicals and laundry hook ups. There is off-street parking in the back with an opportunity for expansion to add a couple more spots. The building has had many updates but will need some TLC. This is a lot of building for a low price with a great return on investment – come take a look before it’s too late!

Both units are occupied and currently generate $1,450 in monthly rent but there is certainly room to raise the rents based on the current market rates. Both units are long time tenants and the rents are: 3943: $675, lease expiring 3/31/16 and 3945: $775, lease expiring 9/30/15.

Detail

Updated on October 24, 2017 at 4:52 pm

  • Status: Sold
  • Property ID: 11778
  • Price: $54,400
  • Sqft: 3024
  • Units: 2
  • Bedrooms: 6
  • Bathrooms: 4
  • Property Tax: $460
  • Property Type: Multi-Family 2-4
  • Address: 3943 Oregon Avenue
  • City: St. Louis
  • State/county: Missouri, St. Louis City
  • Zip/Postal Code: 63118
  • Neighborhood: Dutchtown
  • Country: United States

Contact info

Riahna Kastner
Riahna Kastner
314.332.1044
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Matt Kastner
Matt Kastner
314.332.1036
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