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Home For Sale Michigan St Louis 2844
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Multiplex For Sale By Owner

Wholesale multi family Occupied rental building




Virginia St, St Louis, Michigan 48880 ‎ United States
Description

#1 is a turn key occupied multi-family
17% Cap and 50% ROI
Needs ZERO in rehab (carpet and dishwasher going in next week)
Click HERE or the image above for video walk through.
4552 Virginia St. Louis MO 63111 3,740sqft (4-plex).
Investment amount of only $95,500
25% Down = $23,875 (plus closing)

$1,825 Estimated monthly rental income (21,900.00/yr)
-352.35 Estimated mortgage payment
-146 Minus management fee
-56 Monthly taxes
-65 Monthly insurance $65/mth
-125 Maintenance $125/mth This is not a fee and does not have to be paid each month.
-180 Vacancy $180/mth This is not a fee and does not have to be paid each month.
-60 Utility
= $840.65 -- $1,145.65 positive monthly cash flow ($10,087.80-$13,747.80/yr)
Estimated average cash flow = $993.15/mth ($11,917.80/yr)
Estimated average ROI = 49.91% (11,917.80/23,875)

CAP RATE = $1,345.50 (monthly rent adjusted w/o mortgage payment) X 12 = $16,146. = $16,146 / 95,500 = 16.90%

Price: $95,500
Property Sub-Type: Multiplex
Total Lot Size : 3,740 SF
Listing ID: 2844

Map of: Virginia St, St Louis, Michigan 48880 ‎ United States

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