We have a new OFF MARKET property contract ready for your review:
Asking Price: $44,000.00 | Estimated ARV: $75,168
8015 Allen Ave. Saint Louis MO 63114 2 Beds | 1 Baths | 864 Sq ft.
Rent is $635 /mo.
Tenant pays all utilities except for MSD.
Rent should be $800/mo. Owner never asked for an increase.
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Description: The property has been rented by the same tenant before 2019. The rent has not increased in all these years. The property has some deferred maintenance but has been a great rental for the owner (see below for Sec 8 repairs needed). The tenant is in the process of renewing so you will probably have to wait 6 months for a rent increase request and it should be upwards of $800/mo. Let me know if you are interested.
Property Details
Est. ARV: $75,168
Address: 8015 Allen Ave.
City: Saint Louis
State: MO
ZIP: 63114
Square Feet: 864
Bedrooms: 2
Bathrooms: 1
Basement: Full Basement
Additional Features:
County: Saint Louis School District: Normandy Schools Collaborative
Year built: 1919
Occupancy Information:
Occupancy Status: Rented
Current Rents: $635/MO
Zillow Rents: $954/ month
Estimated ARV Using Propstream.com comps: $75,168
$90,000 – 8108 Winfield Ave Saint Louis 63114 (Sold: 02/01/24)
$64,880- 8204 JOHN PL SAINT LOUIS 63114 (Sold: 01/01/24)
*Comparable property data is pulled form Propstream.com
We do not determine rehab numbers because every person estimates differently. We take a general approach and try to offer repair costs on an “Opinion” of condition.
Our estimated basic assessment of the repairs per square foot are as follows:
$2500 to pass section 8 inspection
- Interior Stairs: | install handrail at stairway leading to basement
- Remove vegetation from fence lines or building surfaces. Remove tree limbs from building surfaces or electric lines
- Bathroom | repair or replace light switch to work properly (left of doorway)
- Bathroom | repair or replace window to open| repair or replace screen
- Bathroom | remove mold| recalk Tub or Shower in Unit
- Basement| foundation| floor caving in| craters/holes\ Tripping Hazard
Please Text Marlin at 314-292-9077 or email me at dispo@vacanthomecash.com for more information if needed. .
**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.
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Thank you and I look forward to hearing back soon!
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