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Old 06-11-2006, 07:11 PM
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here is the link to view photos of the rest of the house


This huge two-family in the Tower Grove Heights area is near rental completion. Perfect for the Owner Occupant willing to finish a previous investor's work or convert to a Single Family Home. Much of the original wood work is in good condition. The first level unit boasts close to 1,200 sq ft and is almost move in ready. The upper unit has 4 bedrooms, dining room, kitchen and living room filling roughly 1,800 sq ft. Every bit of the plumbing and electrical is brand new, including new furnaces and central A/C. Large basement has all new washer/dryer hook-ups. Also includes 2 sets of brand new appliances! Must see to believe! This could be the ideal single family conversion with excellent profit potential!

Single family homes in this area, that have been rehabbed, are selling at a premium! Remember, this property has completely updated electric, plumbing, and HVAC. A lot of major things have been already been completed - the hardest work has already been done!

I have comps for the neighborhood that all show an ARV for a single family conversion, with the same square footage, at $300 - $500k. If you would like I can fax them to you. We also ran a two line report that shows, given the 3,070 sq ft and after repairs and conversion, it should sell for $460k. Or, you could rent, lease option or owner occupy this property, hold it for a couple of years and make an even bigger profit on the appreciation!

Below is a brief overview of the remaining property needs.

Single Family Conversion - ARV: $350,000 - $500,000
Single family conversion rehab, $50 - $100k - depending on desired level of rehab.

Two Family - ARV: $275,000 - $300,000
If kept as a two family, rehab costs would be between $10k - $25K - again, depending on exactly what you would like to do.

Previous buyer backed out of the deal - PRICE REDUCED to $205,500.
This one won't last! First to sign contract gets this great deal!
Please contact me if you have any questions! If you would like to view the property let me know.


CC Investors
805-264-1131 cell
805-934-9594 fax
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