7033 Julian Ave. Pending

  • $57500
  • 2 beds
  • 1 baths
  • 1080 sqft

 

This  home features 2 bedrooms, 1 bathroom (recently updated) and a generously sized living room, dining room and updated kitchen. Has newer carpet and paint, newer roof, newer hot water heater and electric panel. This home also has a brand new A/C condenser unit. The retail value of this home is easily $99,900+ once a few updates are completed. We offered a $30,000 discount if you buy the home in “as-is” condition (as-is meaning you would be responsible for getting the home to pass a minimum housing inspection through the city of University City) to the tenant buyer.

Proforma:

https://docs.google.com/spreadsheets/d/1Lla4_sHFy33RD8HnKaLgObUQrVE6_kLcMnw-f9kEDvw/edit#gid=924922621

The tenant buyer in this house has signed a contract with the purchase price of $69,900

The monthly rent on this property is $800

The projected Cash on Cash Return for this investment w a 30 year fixed loan is: 17.6%

With a projected monthly cash flow of $181

Also this tenant is approved for a rent guarantee meaning the a Turn Key buyer’s rental payments are guaranteed up to $3000 in missing rent 

Price:
$57500
Address:
7033 Julian Ave.
University City, Missouri 63130
Square Feet:
1080
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Basement:
Full
Const. Type:
Frame

Additional Features

BASEMENT, GRASS LAWN, OFF STREET PARKING, FENCED YARD

Call (314) 799-2247 for more details

Property Location

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