3240 Michigan Ave

Saint Louis, MO 63118
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3 bd, 2 ba | 1,938 sqft | Built in 1912

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For Sale

Exclusive

List Price
$210,000

Initial Investment

$57,225
Pre-approval letter or proof of funds required.

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

07/30/2019

Lease End

07/31/2022

Lot Size

2,880

HOA

None

Flood Risk

Not Required

  • Well Under Market Rent
  • Tenant in place since 2019
  • Home has nice curb appeal
  • Great Brick property for Investors
See more in Analysis

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Annual Financial Highlights

Expected Rent

$11,343

Expenses

-$2,962

Property Taxes

-$2,800

Loan Payments

-$9,023

Net Cash Flow

-$3,443

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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