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  • Asking price$49,900
  • Property TypeMulti family home
  • Showing dateNot set yet
Property Sold - Contact Us
    • Bedrooms
      5
    • Bathrooms
      2
    • sqft
      -

Property details

# A Great Investment Opportunity in St Louis, MO

## Property Details

A classic multi-family brick house featuring **3 bedrooms**, **2 bathrooms**, and **1,564 sqft** of living space on a **3,200 sqft** lot with a **1 car detached garage**. This 2-story property contains 2 units: the 1st unit with 2 bedrooms and 1 bathroom, and the 2nd unit with 1 bedroom and 1 bathroom.

* **Roof:** Replaced one year ago
* **Furnace:** Needs replacement
* **AC:** Needs replacement
* **Plumbing:** Needs repair
* **Electrical Panel:** Not specified
* **Water Heater:** Not specified

The property will be delivered vacant at closing.

## Investment Highlights

* **Prime Location:** Close to St Louis University Hospital and Tiffany Park in a nice neighborhood
* **Huge Profit Spread:** Property offers substantial margin with projected $40K gross profit on wholesale
* **Strong Rental Income Potential:** Monthly rent for both units can reach $2,200-$2,400, exceeding the 1% rule
* **Recent Roof Replacement:** Major capital expense already completed, adding immediate value
* **Dual Exit Strategies:** Flexibility to wholesale quickly or hold as a cash-flowing rental investment
* **Active Market:** Zipcode shows 50% deal closure rate with average of 12 interested buyers per property

## Financial Summary

* **ARV (After Repair Value):** $270,000 - $280,000
* **Estimated Rehab:** $100,000 (full gut renovation)
* **Projected Wholesale Profit:** $40,000
* **Projected End Buyer ROI:** 20% (excluding holding costs)

## A Wonderful Wholesale Opportunity!
Locked Content

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  • Year Built: -
  • Above Ground Area: -
  • Bedrooms: 5
  • Bathrooms: 2
  • Basement: Full Basement
  • Garage: No Parking

This is an assignable contract for sale. All properties are sold As-Is for cash or hard money, which shall be verified by Seller. Minimum of $5,000 or a 3% of the sale price, which ever is higher, non-refundable earnest deposit is required along with a 21 day or less closing period. Opinions of value / rents / repairs are given as a courtesy and no guarantees are expressed or implied. All properties subject to errors, omissions, deletions, additions, cancellation. All properties sold in as-is conditions, where is with absolutely no warranty, no disclosure and no representations written or oral. Buyer is to do their own independent inspections and due diligence. Property will not be considered under contract until signed contract and earnest money is received, with all contingencies removed.

Location

Buying Process

We've simplified the buying process so you can focus on what matters: growing your portfolio or securing your very first property.

Here's how we work together to get you the keys.

  1. We Scout the Best Deals: Our team constantly uncovers discounted properties and secures them under contract so you don't have to.
  2. Explore Your Options: Visit 7minuteshousedeals to browse property specs, high-res photos, and walk-through videos of our latest finds.
  3. See It for Yourself: Spot something you like? Book a showing through the site, and we'll send you a personalized viewing time.
  4. Share Your Thoughts: After the tour, let us know your feedback. We're here to answer any questions you have.
  5. Easy Paperwork: Ready to move forward? Just say the word, and we'll send over our straightforward contract.
  6. Secure the Deal: Once your offer is accepted, you'll have 24 hours to deposit the Earnest Money Deposit (EMD) to lock it in.
  7. Support to the Finish Line: Our dedicated transaction coordinator will stay by your side, guiding you through every step toward closing.
  8. Welcome Home: Once the title is clear and the docs are signed, the property is officially yours. Congratulations!

Frequently Asked Questions

Notify us as soon as possible. Wholesale properties often move quickly, so responding quickly ensures you have a better chance of securing the deal.

Absolutely. Due to the delicate nature of the situation, we typically allow one walk-through before making an offer. This one-hour visit is intended to confirm the property's condition, as all key details are already provided in the marketing materials.

Simply head over to our Contact Us page and send us an email or give us a call. The telephone tends to be the quickest way to reach out to us. Once you connect with us and you want to purchase the property, we will send you our contract with all the details you need to know, including our title company, Earnest Money amount, and closing date.

Contact us

Have questions? Reach out to us through any of the options below—we're here to help!