14 UNITS IN METRO ST LOUIS For Sale

$$351,000
18 beds
14 baths
7046 sqft

call 305-614-9105 or email us at: sales@multifamilypurchases.com

Price:: $$351,000
Address:: 702 Biltmore blvd
South Roxana,, IL 62087
Square Feet:: 7046
Lot Size:: 15,625
Bedrooms:: 18
Bathrooms:: 14

Terms:: For Sale
Property Type:: Multi-family
Year Built:: 1926
Basement:: UNFINISHED
Const. Type:: BRICK

Additional Features

INCLUDED IN THE SALE ARE BUILDABLE LOTS 5,6,45,46,47 AND 48 Rents can be increased. On site manager/maintenance man has been there for years and will stay if desired. HE IS COMPENSATED AT THE RATE OF $500 PER MONTH NEW WINDOWS, NEW BOILER, NEW ELETRICAL Do not miss out on this opportunity call 305-614-9105 or email us at: sales@multifamilypurchases.com

Call 305-614-9105 for more details

My Husband and I wanted to buy some rental property but have never done any multi family, we own two single family homes now that we rent. We were nervous on our first deal, the eight unit building needed a roof and a boiler, that came to over $30,000. Chris set us up with a lender that included 100% of the rehab costs to bring the building up to our standards and then we were able to refinance the building within 4 months and able get back 100% of the money we put into the deal, now each unit has a cash flow of over $260 each within 6 months of purchasing it.

Michelle Leader

I used to by single family homes to rehab and sell them, but Chris Murray got me to think a little bigger, I bought my first 10 unit building from Multi Family Property Sales and got a cash flowing property from day one with only 7 units rented. Now that I have all 10 rented I have a positive cask flow of $2,500 per month, with all my cash back I put into the deal. This one deal changed my life. Thanks for your advice!

Leroy Jones

I was new to real estate investing, and I did not want to get into a major rehab project, I wanted to buy some units with tenants that have a decent track record of paying, I just wanted my first deal to be conservative and with little risk. The first building was a small four plex that met that criteria, nice positive cash flow from day one and other than replacing one furnace, its been a great experience. I am looking to buy more in the future to add to my portfolio.

Tim Brockwell