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3136 Chippewa Street

St Louis, MO 63118

Property Overview
Price: $379,000
City: St Louis
County: St Louis City
Sale/Lease: Sale
Status: Active
MLS Number: 24058204
Property Description
Motivated Seller! Investors don't miss this rehab Take Over Opportunity with a $25K rehab credit to finish off the property!! This large townhouse style duplex is 95% completed, this is a perfect opportunity to bring it over the finish line and create a cash cow of a rental property! Both townhouse style units feature 3 bedrooms 2 full bathrooms each with projected rent per apartment of $1,650 each that comes out to $39,600 per year in potential rental income and a 10% cap rate. The building has all new plumbing, a Lenox furnaces (2 per unit), new 200 amp panels, new bathrooms, lighting, kitchens, flooring, trim and a ton more. This an "AS IS" sale, seller to make no repairs, no city inspections and buyer can get inspection for their info only.
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Featured Agent
Terry Gannon
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Listing Brokered by Niche Advisors
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