41606628 - Buy a Townhouse in USA, Missouri, Saint Louis County, Jennings

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Eight bedroom house

Property Information

Type: Townhouse Property ID: 41606628
Location: Jennings, USA Added on: 09 Sep 2021
Price: £91,982

Short Description

This large eight bedroom multi unit is a rare find at $124,900..

Key Information

  • Property ID: 41606628
  • Location: Jennings
  • Property Type: Townhouse
  • Prices: £ 91,982 / € 102,436 / $ 124,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This fantastic huge brick built four apartment multi family home is located in Penrose, Saint
The property is divided into four large apartments, you have two large two bedroom apartments
upstairs and two large two bedroom apartment downstairs. The property has a tenant in place
in one apartment paying $500 in rent each month. The property needs $10,000 for some small
cosmetic repairs needed to bring the remaining three apartments up to a Section 8 standard.
The money is included in the price and the work will started immediately after closing. The
management company will place brand new tenants when the work is completed each paying
$650 in rent each month. The tenants can be either Section 8 or private.

This property is located in Penrose which is only 5 miles to the centre of downtown Saint Louis.
The property is also only five minutes to the Fairground park which opened in 1908 .The park
has a huge history and is very well kept and spans 131.46 acres. Local residents enjoy the park
for fishing, skating on the roller rink, festivals, picnicking under trees, playing tennis or just
enjoying the walks with many beautiful lakes.

Investment Calculation

Purchase price: 124,900

Gross annual rental income: $29,400

Property running costs: $4,348
(Tax, insurance and management costs)

Net annual rental income: $25,052

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 21%

Break even in 4.76 Years

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Property Alerts

  • Townhouse
  • 8 bedrooms
  • USA
  • Jennings
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