Duplex in St. Louis, MO 63112

Descripiton

Location: 1460 Laurel St, St. Louis, MO 63112

Value-Add Investment with High Rental Potential

Property Details:

• Beds/Baths/Sqft: 4 beds  / 2 baths  / 1,850 sqft  (Duplex)

• Purchase Price: $55,000  (+TC + CC)

• After Repair Value (ARV): $125,000 - $130,000

• Estimated Rehab Cost: 1 bathroom needs to be finished and minor cosmetic rehab; estimated at $30,000

• COE (Close of Escrow): On or before January 1, 2025

• Occupancy: Vacant, ready for completion

Property Condition:

• Foundation/Roof/HVAC/Furnace/Water Heater/Electrical/Plumbing:

  • Foundation/Roof: In good condition

  • HVAC/Furnace/Water Heater:Functional

  • Plumbing & Electrical: Mostly completed, needs final touches

Rental Income Potential:

• Long-Term Rental (LTR): Estimated at $1,100/month for each unit, totaling $2,200/month

• Mid-Term Rental (MTR): Not specified

• Short-Term Rental (STR): Not specified

Comparable Sales (Comps):

1. 1391 Granville Pl, St. Louis, MO 63112 - Sold for $130,000 on April 25, 2024; 4 beds, 2 baths

2. 5651 Wells Ave, St. Louis, MO 63112 - Sold for $125,000 on September 10, 2024; 4 beds, 2 baths

Investment Highlights:

• 90% Rehab Completed: Property needs minor rehab to be finished, offering an opportunity to increase equity

• High ARV & Rental Potential: Estimated ARV of $125,000 - $130,000 with rental potential of $2,200/month for both units

• Vacant Property: Ready for immediate completion and rental

• Seller Flexibility: Seller is motivated and looking for a quick cash transaction

Why This Deal is a Great Opportunity: This property is ideal for investors looking for a value-add rental property with high upside potential. With an ARV of up to $130,000 and 90% of the rehab already completed, there is a strong opportunity for cash flow from long-term rental income. The property is located in a rental-friendly market in St. Louis, MO, offering a great addition to an investor's portfolio.