4652 Michigan Ave
St Louis, MO 63111

Description

The entire interior of the building has been rehabbed since owner's purchase in July of 2015, you won't find a cleaner property at this price. This property brought in over $22,000 of gross income in 2018, after expenses leaving the owners a net profit of over $13,500 which gave the owners over 10% cap rate. Should you chose to get a mortgage you would be right at a yearly 20% cash on cash return. Don't mistake this for the other properties on the market that claim better returns because they aren't turnkey and haven't been recently rehabbed. *These are not hypothetical numbers gross income can be verified by the management company. Their 2018 income statement is posted to the listing.

Details

MLS#19049454
Sub-TypeResale
StatusPending - Show
Year1920
Days On Site52

Features

SQ Feet3,536
Units4
Building(s)1

Market Activity 63111

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63111
AreaSouth City
Listing VS Median (in 63111)
Price:
$125,000
low | high
Med:
$99,450
70.44% of Average
SqFt:
3,536
low | high
Med:
1,832
98.190045248869% of Average
$ / SqFt:
$35
low | high
Med:
$54
4.117382448008% of Average
On Site:
52
low | high
Med:
96.5
53.886010362694% of Average
Listing Updated: 08/23/2019