This our latest offering in the St Louis, MO market. This property will be targeted for remodel and kept as a rental. Its located in the suburbs of St Louis and has 2 properties on one lot. The main building will require roof repair, new light fixtures, fresh paint throughout inside, new kitchen , new windows, new appliances, new countertops, updated bathroom. The 2nd unit, 1 Bdr/1Ba, will require new kitchen flooring, updated bathroom, fresh paint, and hvac unit. This project will take 45 days to complete.
Purchase Price: $109,000
Renovations: $50,000
After Repair Value: $210,000
We will be paying 10% rate per annum with a 6 month promissory note.