For Sale

Listed by Tammy Derrigan

Source: Mid America Regional Information Systems, Inc. #23055753

4643 Louisiana Avenue, St. Louis, MO, 63111

$120,000

1730 sq. ft.
4134 sq. ft.

MultiFam

•

30+ days on the market

What's around 4643 Louisiana Avenue

About this property

This nicely maintained duplex is perfect for an investor's portfolio or an owner occupant looking to have part of the mortgage paid by a tenant. Each unit has a spacious living room, bedroom, remodeled kitchen and bath, bonus room in the back, neutral paint, and original hardwood floors. 1F is rented for $650; 2F is currently vacant and advertised at 750. Existing rent = 16,800 annual income, less 7321 in expenses (see attached RPV) = 9479, making this a 7.89% cap rate at asking price. The property previously had central air and the ductwork remains in place; just add condenser units to go back to central air. Heat is from baseboard heating units. Photos are from when property was up for rent.

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