Value Add 4plex in St. Joe MO! Pending

  • $200,000
  • 6 beds
  • 4 baths
  • 3666 sqft
Pending

Value Add 4plex for sale OFF MARKET in St. Joe MO!

4 finished units – (2) 2/1 units upstairs, (2) 1/1 units on main level

2 unfinished units in basement

2 units occupied at $550/mo each with leases in place.
Rents could be increased slightly as this is currently below market rent.
Bottom 2 units rent est $650/mo each.

Projected rents for 4 units are $2400/month with just current tenants in place and occupying 2 vacant finished units at market rent.
Potential for 6 units at $3500/mo+ — far surpassing the 1% rule!!

1 unit renovated – other 3 are clean but could use some cosmetic updating. Electric is 100 amp all units. Plumbing recently updated – some copper and some PVC.

HVAC all replaced within last 10 years – all 4 units heated and cooled with their own system!

Recent appraisal at 200k! 

Pictures, foundation inspection and property appraisal available upon request.

Purchase price: $200k
Rehab est on 2 basement units: $80k
ARV: $365k*

 

Inventory is at an all time low for moderately priced cash-flowing properties, but we’ve got you covered! Act now, this property won’t last long!

Buy or Sell your next property with Turnkey Property USA

Brokers/Agents welcome with your pre-qualified loan or CASH Buyers!!
Call now to secure this property!

Maddy Morell
Agent – United Real Estate Kansas City
913-712-6811
Maddy@turnkeypropertyusa.com

Turnkey Property USA
816-406-0044
Ben@turnkeypropertyusa.com

 

*These are projections only performance is not guaranteed.  All investments have risk and investors should do their own due diligence.

Price:
$200,000
Address:
725 N 25th St
Saint Joseph, MO 64506
Square Feet:
3666
Lot Size:
15246
Bedrooms:
6
Bathrooms:
4
Terms:
For Sale
Property Type:
Apartment
Year Built:
1925
Basement:
Full, Unfinished

Call (816) 406-0044 for more details

Property Location