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🔥 Hot Deal Alert! 4-Lot Package in East St. Louis for Only $35K – Incredible Investment Opportunity
East St. Louis, Illinois
East St. Louis
Listings Stats
Published:
Aug 28, 2024
Last Edited:
Aug 29, 2024
Listing Type:
Wholesale
Listing Status:
Available
Number of Views:
218
Days On Flippery:
85
Number of Favorites:
0
The Numbers
Asking Price ($):
$35,000
After Repair Value:
$96,700
Est. Cost of Repairs:
$27,500
Est. Gross Profit:
$34,200
Description of Property
1072 Liberty St, East Saint Louis, Il 62201
Asking Price $35,000
33.7%% Cap Rate
63% Cash on Cash Return
Subject Properties:
Land: 1070 LIBERTY ST EAST SAINT LOUIS, IL 62201
House:1072 LIBERTY ST EAST SAINT LOUIS, IL 62201
Garage: 1072 LIBERTY ST EAST SAINT LOUIS, IL 62201
Land: 1076 LIBERTY ST EAST SAINT LOUIS, IL 62201
Off Market
Features:
- All Brick
- Vacant
- Light rehab
- Option to build on all four lots
- Keep existing structure and build on two lots
Estimated Rents: 3bd rents Average $1,194
Rehab Estimate: Cosmetic Updating
Description of Repairs
Cosmetic updating
-
Access:Message Me
-
Build Year:1955
-
Home Area(sqft):1,008
-
Bedrooms:3
-
Heating:Furnace
-
Fireplace:No
-
Water:City
-
Property Type:Single Family Residence
-
Occupancy:Tenant Occupied
-
Bathrooms:1
-
Cooling:Window Unit(s)
-
Foundation:Crawl Space
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Sewer:Public/City
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Parking:Detached Garage
The Numbers
-
Asking Price ($):$35,000
-
As-Is Price/Sq Ft:$34.72
-
Est. Cost of Repairs:$27,500
-
After Repair Value:$96,700
-
ARV Price/Sq Ft:$95.93
-
Est. Gross Profit/Equity:$34,200
-
Price Negotiable?:Yes
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Purchase Option:Cash,
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Est. Mthly. Rental Rate:$1,194
-
Rental Restrictions:No
-
HOA:No
Comparables
No info given
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