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This fantastic two bedroom house is located in Baden, a thriving middle class neighbourhood which is one of the most stable neighbourhoods in the city and is just a short drive to Herzog Elementary school. The home has 2 large bedrooms, one bathroom and a large lounge diner. The house also has a very nice kitchen with a breakfast room a full basement with a very large rear garden. The property has good long term tenants in place paying $745 in rent each month. The average rent for this property is nearer $850 so should the tenant leave the rent could be increased. The property is under management by a great local company. This property is located in Baden which is only 7.8 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: 42,900 Gross annual rental income: $8,940 Property running costs: $1,657 (Tax, insurance and management costs) Net annual rental income: $7,283 Investment calculation - Net Income divided by Purchase price = NET ROI. Return on investment: 17% Break even in 5.8 Years This property is a Townhouse for sale.
Other Details: Number of Bedrooms: 2, Number of Bathrooms: 1