Active
3136 Chippewa Street
St Louis, MO 63118
3,922 sqft
$385,000
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
Get Directions
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