I saw this property when I was in St. Louis (IL side) and it was hands-down my favorite property and neighborhood. I saw the property when it was mid-rehab, and the rehab has been completed since (their rehabs are great). It’s in a B to B+ neighborhood. Located near a ton of jobs (i.e. high tenant demand): Conoco Phillips refinery, Southern Illinois University at Edwardsville, New police station, 30 minutes from downtown St. Louis, MO
Purchase price: $140,000
Monthly rent: $1400
Cash-on-cash return: 8.6%
What are your thoughts on this property? Leave a comment and let me know!
Disclaimer: All information contained in this video is deemed reliable but not guaranteed. No warranties are made as to the accuracy of any descriptions and/or other details regarding the specific property presented and I make no guarantee, warranty or representation as to the property, seller, or the current or future performance of the property
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