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3136 Chippewa Street

St Louis, MO 63118
3,922 sqft
$385,000
Photo of 3136 Chippewa Street St Louis MO 63118

Details

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.

Specs

Type Multi-Family
Square Footage 3,922 sqft
Lot Size 0.15 acres
Taxes Paid $627

Lots & Building Features

Cooling Electric
Heat Source Gas
Heating Forced Air
Parking Description Off Street, On Street
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 50x125 ft

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Financing

$
20%
0.16285714285714%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City St Louis
County St Louis City
School District St. Louis City
Subdivision St Louis Commons Add

Schools

Elementary School Clay Elem.
Junior High School L'Ouverture Middle
Senior High School Roosevelt High
Daniel Dawson, Niche Advisors