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💥 Massive Landlord 3bed special with 2% returns in Moline Acres, 63136

3 Beds / 1 Baths • 1,014 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 3
Bathrooms 1
Year Built 1955
Approx.SqFt. 1014
Lot size SqFt. 1014
Garage No Garage

Description

Contract for sale on a heavily discounted investment home in Moline Acres. This 3 bedroom SLAB home is dated cosmetically but overall in good condition. Most of the systems will not need investment. This will be an easy rehab or addition to someones rental portfolio close to meeting the 2% rule.

📍Address: 2225 Kerwin Dr, Saint Louis, MO 63136

Suggested price: $63000 💥

🎢 After Repair value: ARV 125k

💵 Rental income: On market ~ $1250/mo and Section 8 - $1400/mo

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Property info:

3bd 1 Bath

This property has no basement

❄️ Needs new HVAC

🏠 Roof is 6-7 years old

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SHOWING: Owner occupied- Pre-scheduled showing only

CLOSE OF ESCROW: TBD

VACANT AT CLOSE

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TERMS OF SALE:

This is a Cash or Hard Money AS - IS sale. NO other kinds of offers will be considered.
EMD $3000 due within 24 hours of accepted offer or the contract will be void. A property is not considered under contract until the EMD has cleared and all contingencies removed. EMD policy is non negotiable.
Title is guaranteed to be clear or EMD fully refundable.
Property available for viewing only during previously scheduled viewing time.
Non Circumnavigation: Any attempt to contact the seller without our consent will result in legal action and $10000 minimum settlement.
Proof of funds letter and Pre-approval letters are required for offers to be considered.

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Disclosures:

This is a Sale of a Purchase of Sale Contract, not a listing for the actual Property. The buyer would be buying the right to purchase the property from the current owner. The buyer acknowledges that they are not relying on any representations, whether written or verbal, concerning the property. The price reflects a cash or hard money offer and is net to the seller. Buyers are expected to conduct their own independent due diligence, including evaluation and inspection, before making an offer. Determining the property’s value is solely the buyer’s responsibility. Any mention of property value and Rehab estimations by the seller or their representatives is as a courtesy and only an opinion. Perspectives on value, as is and after repair value (ARV), construction costs, material quality, workmanship, and market conditions vary based on personal opinions; thus, it is essential that the buyer carefully assess market value.