Apartment Style

4042 Nebraska Avenue

St Louis, MO 63118

MLS#: 26031698

$450,000

Status: Active

Listing number: 26031698

Listing provided by: EXP Realty, LLC

Listing agent phone: None

Last update: 23 hours ago

On site: a month ago

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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1890

Sq.Footage

7,919

CAP RATE 13.55%!!! CAP RATE = NOI / ASKING PRICE X 100 DO THE MATH!!!! (see below) This beautiful, refurbished 4-unit brick apartment building is a landlord's CASH COW!!! The property features two massive 6-bedroom/2-bath units and two spacious 2-bedroom/1-bath units. Enjoy immediate cash flow with an estimated gross monthly income of $6,600 ($2,100/month for the 6-bed units; $1,200/month for the 2-bed units). Updated kitchens and baths. Newer windows, interior has been freshly painted and refinished floors. With all occupancy permits already finalized, add the kitchen appliances, and this high-yield multiplex is rental-ready. At an asking price of $450,000, this property represents an exceptionally strong financial opportunity with a projected Capitalization Rate (Cap Rate) of 13.55%!!! Gross Annual Income: $79,200 -5% Vacancy Allowance: $3,960 Effective Gross Income (EGI): $75,240 Estimated Operating Expenses $784 Taxes Estimated Property Insurance $2,500 Maintenance & Reserves (5% of Gross) $3,960 Property Management (8% of Gross) $6,019 Admin/Misc Exp $1,000 Total Estimated Operating Expenses = $14,263 $75,240 - $14,263 = $60,977 (Net Operating Income)

Features & Amenities

Interior

Total Bedrooms

N/A
Bathrooms

N/A
Above Grade Finished Area

7919.0
Basement YN

YES
Cooling YN

NO
Cooling

None
Fireplace YN

NO
Pet friendly

N/A

Exterior

Garage

No
Construction Materials

Brick
Pool

No

Area & Lot

Lot Size(acres)

0.1423
Lot Size(square feet)

6198.59
Property Type

Residential Income
Property Sub Type

Multi Family
Architectural Style

Apartment Style

Price

Sales Price

$450,000
Tax Amount

$784
Sq. Footage

7, 919
Price/SqFt

$56

HOA

Association

No

School District

Elementary School

Meramec Elem.
Middle School

Fanning Middle Community Ed.
High School

Roosevelt High

Property Features

New Construction

NO
Water Source

Public

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Location

County

St Louis City

Elementary School

Meramec Elem.

Middle School

Fanning Middle Community Ed.

High School

Roosevelt High

Listing Courtesy of Jody Parrish , EXP Realty, LLC

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CAP RATE 13.55%!!! CAP RATE = NOI / ASKING PRICE X 100 DO THE MATH!!!! (see below)

This beautiful, refurbished 4-unit brick apartment building is a landlord's CASH COW!!! The property features two massive 6-bedroom/2-bath units and two spacious 2-bedroom/1-bath units. Enjoy immediate cash flow with an estimated gross monthly income of $6,600 ($2,100/month for the 6-bed units; $1,200/month for the 2-bed units). Updated kitchens and baths. Newer windows, interior has been freshly painted and refinished floors. With all occupancy permits already finalized, add the kitchen appliances, and this high-yield multiplex is rental-ready. At an asking price of $450,000, this property represents an exceptionally strong financial opportunity with a projected Capitalization Rate (Cap Rate) of 13.55%!!!

Gross Annual Income: $79,200
-5% Vacancy Allowance: $3,960
Effective Gross Income (EGI): $75,240

Estimated Operating Expenses
$784 Taxes
Estimated Property Insurance $2,500
Maintenance & Reserves (5% of Gross) $3,960
Property Management (8% of Gross) $6,019
Admin/Misc Exp $1,000
Total Estimated Operating Expenses = $14,263
$75,240 - $14,263 = $60,977 (Net Operating Income)

4042 Nebraska Avenue

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Apartment Style

Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

Schedule a Showing

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Listing Courtesy of Jody Parrish , EXP Realty, LLC

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