817 Abston Avenue

Looking for reliable Sec 8 income? This rare duplex in Ferguson is part of a package that also includes two single family homes for a total of three properties / four units. Three units are leased with Sec 8 tenants and the upper level of the duplex is vacant. Average rents are $1070/month. The package price is $221,500 which is an average of $55,375 per door. Estimated Pro Forma Cap Rate is 11.91%. The properties do have some deferred maintenance and have been priced accordingly. You can expect older systems and older roofs. Access to the properties will be provided with an accepted contract. To minimize tenant disruption, the buyer will have one-time access to the properties. Please see supplements for a brochure with details on all of the properties. The properties are being sold as is, with the seller to do no inspections or repairs. If you're a cash buyer, this could make a great starter investment package or easy addition to an existing portfolio.