Home / Andrei Calugaru / 💥 Penrose renta...

💥 Penrose rental meets 3% Rule. Yes, Buy for 59k Rent for up to 2000/mo 💥

$59,000 • 5 Beds / 1.5 Baths • 2,240 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 5
Bathrooms 1.5
Year Built 1925
Approx.SqFt. 2240
Lot size SqFt. 4100
Garage No Garage

Description

Contract for sale on a wonderfully maintained 5 bedroom brick home in Penrose. With section 8 potential income topping 1800-2000/month the rental cap rate is hard to beat.

Roof was installed this month!

📍Address: 4622 Bircher Blvd, Saint Louis, MO 63115

Suggested price: 59,000

🎢 After Repair value: 120,000

💵 Potential rent: 2000+ Through section 8

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Property info:

5bd 1.5Bath

2240 sqft

Roof is BRAND NEW

Furnace and Water heater newer

Plumbing Stack PVC

Electrical Panel in good working order

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SHOWING: Submit your verbal offers! Our top 4-5 verbal offers will attend a one time showing. Verbal offers/ offers submitted through website are assumed contingent on walking and Confirming property condition.

CLOSE OF ESCROW: May 29 with True Title

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 $2000 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:

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.