This fantastic three bedroom house is located in Baden, a thriving middle class neighbourhood which is one of the most stable neighbourhoods in the city and is just a short drive to Herzog Elementary school. The home was originally a 2 family property that has been remodelled into a large single family home. The property has 3 large bedrooms, 2 full bathrooms, beautiful refinished hardwood flooring, newer lighting fixtures and windows, updated electrics and plumbing, newer furnace and nicely remodelled kitchen and bathrooms. The property is of a Section 8 standard so the management company can place Section 8 tenants for the new owner paying $900 – $950 each month in rent.
This property is located in Baden which is mostly known for it’s almost completely intact business district. Baden is one of St. Louis’ finest neighbourhoods.The commercial district, proximity to the River and the Riverfront Trail make it a highly desirable place for investors.
• Three bedrooms
• Two bathrooms
• 1,938 sqft built
• 3,397 soft lot.
• Fully managed
• Local staff
Purchase price: 48,900
Gross annual rental income: $11,400
Property running costs: $2,040 (Tax, insurance and management costs)
Net annual rental income: $9,360
Investment calculation - Net Income divided by Purchase price = NET ROI.