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North County Investment Property with Excellent Return

6333 Fay Dr., St Louis, MO 63134
$18,000

Description

This 2 bedroom, 1 bath home is ready to make you $$$. This ‘set it and forget it’ investment  comes with a with a long-term, paying tenant at $575 per month.  Home has a convenient location near highways, public transportation, food markets, restaurants, and retail shops. With a current cap rate of 18% this is an ideal investment opportunity.  View with accepted contract only.  Please do not disturb the tenant under any circumstances. Interested parties can contact us for a video walk through as well as further details on the property. Owner/Agent.

Tenant current pays $575/Mo in rent on Month to Month Lease and would like to stay, tenant pays all utilities and covers lawn care. Cap rate is 20.7% at list price. Proforma of 25% if rent raised to market rate of $650/Mo

Detail

Updated on October 24, 2017 at 4:56 pm

  • Status: Sold
  • Property ID: 11131
  • Price: $18,000
  • Sqft: 792
  • Lot Size: 6250 Sqft
  • Units: 1
  • Bedrooms: 2
  • Bathrooms: 1
  • Property Tax: $944
  • Property Type: Single Family
  • Address: 6333 Fay Drive
  • State/county: Missouri, St. Louis County
  • Zip/Postal Code: 63134
  • Neighborhood: North County
  • Country: United States

Contact info

Riahna Kastner
Riahna Kastner
314.332.1044
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