HUGE Value-Add Opportunity!
5006-5008 Cates Ave, St. Louis, MO, 63108
TWO DUPLEX (4 Unit) PACKAGE DEAL Saint Louis, Missouri!
PRICE: $277,000
ARV: $375,644
Actual Rent: $1,500/month
Potential Rent: $6,346/month
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Unit Mix:
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Duplex 1: Two 2BR/1 Bath Unit
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Duplex 2: Two 3BR/2 Bath Unit
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Occupancy: 75% Occupied
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Current Rents: $650/Unit
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Market Rents: $1,275/Unit
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Taxes: $744
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Insurance: $400
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Utilities: Tenants pay for all utilities except for water and sewer. (Separately Metered)
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Roof: <10 Years Old
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HVAC: <10 Years Old
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Windows: Most have been replaced
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Construction: Brick
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Building Square Footage:
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5006 Cates Ave - 3,678 Sq Ft
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5008 Cates Ave - 2,970 Sq Ft
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Lot Size: 3,183 Sq Ft
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Year Built: 1898
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More Info: Full Basements and Attached Garages
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Rehab Needed: Minimal/Cosmetic & Paint
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Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
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Cap Rate (Pro Forma): 22.67% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
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Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
TEXTING IS THE FASTEST WAY TO GET A HOLD OF US!
If you have any questions about this property, please contact:
Primary Contact: Todd Keith (463) 240-1822
Important Disclosures Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.