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Old 01-24-2007, 05:29 PM
ibjulieb23
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Default Rehabbed St. Louis 4-Plex - will assign contract!

Rehab Complete - 1 Unit Already Rented!

The apartments rent for $400 each.

One is occupied and under lease now.

Property Management Company in place projecting
full occupancy in 1-2 months. They should rent quickly
because of the large pool of renters in the area.

Location in St. Louis city that is a highly sought-after
investment area. It is growing rapidly and there is continual renovation going on.

Near Anheuser-Busch Brewery and close to Benton Park
which is a very nice neighborhood.

All units have brand new plumbing, new kitchens and
brand new carpet and paint inside and out.

Two of the units come with refrigerators.
The other appliances are all new as well.

Occupancy inspections will be completed before closing.

All lead paint has been removed (the building was
constructed in the 1920’s).

All units have 10-foot ceilings, which is another
strong point for renters.

The comps will show around $180K plus or minus.

Asking $162K

Contract can be assigned.

Please contact Julie Bartlett
562 433 3078
ibjulieb@hotmail.com
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