Beds: 4Baths: 4Sqft: 2844
Multi-Family 2-4
Did someone say CASH FLOW? This 4-family property near O’Fallon Park offers just that. This property is the perfect choice for a real estate investor looking to maximize their income with a high return and low expenses (see attached Property Analysis which shows a 13.02% cap rate at list price with full expenses).
The two 1st floor units are true 1 bedroom units with a living room, dining room, and eat-in kitchen. The 2nd-floor units offer 2 private bedrooms plus a living room, and eat-in kitchen. Additionally, one of the 1st-floor units and one of the 2nd-floor units have a huge bonus room off the back. All of the units have wood flooring and ceramic tile. The tall ceilings and large room sizes make these units easy to rent. This historic, brick building features many modern improvements: vinyl windows, circuit breaker electric boxes, updated HVAC, PVC plumbing, roofing, and tuckpointing. The units are in great condition with two of the four having central air. Three units are occupied, with one left vacant for showings.
NOTE – The listing agent has an ownership interest in the property.
| Unit | Rent | Rooms | Beds | Baths | Sqft | Lease End Date |
|---|---|---|---|---|---|---|
|
4417 |
$500 / mo | 4 | 1 | 1 | 884 | 06/30/18 |
|
4417 #A |
$600 / mo | 4 | 2 | 1 | 884 | 03/31/18 |
|
4419 |
5 | 1 | 1 | 884 | Vacant | |
|
4419 #A |
$600 / mo | 5 | 2 | 1 | 884 | 07/31/18 |
Updated on April 3, 2018 at 10:16 am
Fantastic cash flow on this 4-Family rental investment - 4417 Floriss Pl, St. Louis, MO 63115, USA
