We have a new OFF MARKET property under contract ready for your review:
113 Anabel Ave 63135 720 Sq ft.-
Asking Price: $ 45,000.00 | Estimated ARV: $82,800
Rented for $967/mo. Market Rent
Lease extended thru 11/1/2025
Tenant is current on her rent.
2 Beds | 1 Baths | 720 SQ Ft.
Click Image Below to view more Pictures
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Description:
2 bed 1 bath Recently passed occupancy inspection back in January. Market rate tenant paying $800/mo. Still needs a little TLC for cosmetic purposes. Please check pics for reference.
Est. ARV: $82k
Address: 113 Anabel Ave
City: Saint Louis
State: MO
ZIP: 63135
Square Feet: 720
Bedrooms: 2
Bathrooms: 1
Basement: Full Basement
Additional Features:
County: Saint Louis School District: Ferguson-Florissant R-II School District
Occupancy Information:
- Occupancy Status: Rented ***(Please do not disturb Tenants) ***
- Rented For: $967
- Zillow Rents: $1,034
- Tenant Type: Market Tenant
- Lease type: 1 year lease
- Lease Terms: Jan 2024 thru Dec 31 2024
- Tenant paid utilities: All utilities except MSD
- Owner paid utilities: MSD
EST. Value Information Using Propstream.com comps:
Estimated ARV: $82,800
$70,666 Redfin.com
$72,400 Trulia.com
$91,000 – 135 Anabel Ave Saint Louis 63135 (Sold: 03/01/24)
$84,900 – 147 Fermo Ave Saint Louis 63135 (Sold: 06/01/24)
$82,150 – 815 Maurice Ave Saint Louis 63135 (Sold: 05/01/24)
*Comparable property data is pulled form Propstream.com
Condition Questions:
Last time Kitchen been updated
Last time Bathroom has been updated
HVAC Age
Age of Water heater
Plumbing Issues
Needs updating
Needs Updating
10 + years but is in good condition
New
None
Repair Costs:
We do not determine rehab numbers because every person estimates differently. We take a general approach and try to offer repair costs on a Cost per square footage basis based on condition.
Estimated Repair Cost: $18,000 to $23k
*Estimated Return on Investment:
(Gross income – 10 % management fee- 8% Vacancy Rate- 8% Repairs and Maintenance ) – (Taxes + Insurance)
divided by Sales Price.
| Return on Investments using Actual Rents: | Return on Investments using Estimated Zillow Rents: |
| 0.12 | 0.16 |
Return on Investments using Actual Rents: 0.12
Return on Investments using Estimated Zillow Rents: 0.16
**Disclaimer: For any properties that we are assigning, ZMC Investments LLC and/or its partners are providing you access to this investment opportunity. The property featured is currently under contract with the owner of record, therefore, giving ZMC Investments LLC an equitable interest in the property. ZMC Investments LLC may assign its contractual rights. ZMC Investments LLC is not selling the property nor acting as the agent of the seller. PLEASE NOTE THAT THIS IS BEING SENT TO YOU FOR MARKETING PURPOSES ONLY. Any agreement to the terms of this offering will be evidenced by a contract assignment. The above price includes an already agreed upon purchase price plus a fee to assign equitable interest. All buyers shall be responsible for doing there own due diligence before presenting an offer to purchase. All properties are sold on an AS-IS basis. Seller is not aware of any problems otherwise listed in the email above. All contracts submitted shall not be contingent upon financing with a closing period of 21 days or less.
*** Wholesalers: Please, DO NOT MARKET THESE DEALS. If you believe you have a specific buyer for a specific property, contact Me first. NEVER post these anywhere else publically. No “daisy-chain” activities. Sold strictly as is. More information and additional photos will be made available to serious buyers.