Good Lawd look at this Quad in St Louis [Code 3104]

Guided Real Estate Investing by Simply Do It

Best to watch the video of this episode on YouTube: https://youtu.be/SQRB0xE-eiU

Why THIS deal??

• ~$1,197/mo. cash flow once you can refi to 5.0%
• Cash flows at ~$709/mo. at today's rates of 6.25%
• Newly listed property. It won't last!
• Fully remodeled and absolutely beautiful on the inside
• Fourplex with two 3 bedroom, 1 bath units and two 4 bedroom, 1 bath units
• Days on the market: 2 as of 2/3/2023
• Very desirable location for young professionals
• Front door faces a large park
• No fire or flood zone
• 2 tenants will be moving soon and will give the new owner the opportunity to raise rents to market level
• Awaiting updated details on HVAC unit ages and roof replacement from seller's agent
• Estimates for owner paid utilities is around $350/mo for water/trash/sewer (pending verification)
• Fully remodeled in 2022 which means little to no maintenance for a new buyer. We still estimated $400/mo. in the spreadsheet for conservative long-term cash flow estimates
• New Plumbing and Electrical in 2022
• In-unit washer/dryers
• No HOA charges
• 4 space off-street parking pad

Why should you consider this house / what makes it a good investment?

• Built: 1922 (gut rehabbed in 2022)
• Size: 4,417 square foot building
• Desirable Community, Good Schools, Highly Appreciating Neighborhood