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Kotohomes partnered with:
The Southern Illinoisan
For Sale For Rent
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bedrooms
bedrooms
2
bathrooms
bathrooms
1
square feet
square feet
950
acreage
Acreage
0.149
open houses
Open Houses
-
year built
year built
1946
full baths
Full Baths
1
half baths
Half Baths
0
Investors, welcome to this tenant-occupied single family home with two bedrooms, tons of closet space, central air, large yard, a detached 2-car garage!  Flooring in living room, kitchen, and utility room is LPV; bedrooms are carpeted, and bath is tiled. Architectural shingle roof, newer HVAC, electric water heater, and updated electric panel. Tenant pays $1000/month and current lease is up for renewal at end of April. Rentometer indicates $1171 as the average rent, and $1237 as the average rent among the top 25%.  With current rent less annual operating expenses at $5425, the NOI is $6575 – a 6.575% cap rate at asking price.  Ask your realtor for the financials and rentometer reports available in the supplements.
Location
Subdivision Pagewood
County St Louis
Elementary School Wyland Elem.
Middle School Ritenour Middle
High School Ritenour Sr. High
open houses Open houses
None scheduled.
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MLS number: 24077190
Listing agent: Tammy Derrigan #2016008170
Listing broker: Worth Clark, Inc. (800) 991-6092
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Wednesday, January 15 2025 at 5:22 a.m. EST
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