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This fantastic three bedroom house is located in Baden, a thriving middle class neighbourhood which is one of the most stable in the city, just a short drive to Herzog Elementary school. The home has 3 large bedrooms, 2 bathrooms and a large lounge diner. The property is currently being refurbished throughout. Brand new tenants will be placed by the management company paying $900 in rent each month when the new owner closes on the property. The tenants will be Section 8 housing so the rent will be guaranteed and paid by the US Government. This property is located in Baden which is only 8.1 miles from the centre of Downtown Saint Louis. Baden is mostly known for it’s almost completely intact business district along a cool stretch of Broadway from Switzer Avenue to Halls Ferry Road. Baden is one of St. Louis’ finest neighbourhoods.The commercial district, proximity to the River and the Riverfront Trail make it a highly desirable place for investors. Investment Calculation Purchase price: 46,900 Gross annual rental income: $10,800 Property running costs: $1,991 (Tax, insurance and management costs) Net annual rental income: $8,809 Investment calculation - Net Income divided by Purchase price = NET ROI. Return on investment: 19% Break even in 5.26 Years This property is a Townhouse for sale.
Other Details: Number of Bedrooms: 3, Number of Bathrooms: 2