6035 Margaretta Ave, Pine Lawn, MO 63120
- $80,000
- 2
- BD
- 1
- BA
- 875
- SqFt
- List Price
- $80,000
- Days on Market
- 36
- MLS#
- 26039929
- Status
- ACTIVE
- Bedrooms
- 2
- Full baths
- 1
- Living Sq. Ft
- 875
- Lot Size
- 3,563
- Acres
- 0.08
- Year Built
- 1949
- Subdivision
- Home Sites Third
- Municipality
- Pine Lawn
- School District
- Normandy
- County
- St. Louis
- Listing Type
- Single Family Residential
- Property Type
- Bungalow
- Style Description
- Bungalow
Property Description
Investors, this one's for you! This brick bungalow offers 875 sf of living space with 2 bedrooms, 1 bathroom, living room,eat-in kitchen, bath, full basement, and on-street parking. Inspections are welcome for your knowledge, but the sale is as-is with seller to do no repairs. The property is rented to a long-term tenant at $1105, completely paid by Section 8 assistance, for a gross annual income of 13,260. Seller's annual taxes, insurance, and sewer expenses total 4,622 for an NOI of 8,638, which is a 10.79% cap rate at asking price. Have a look, make your offer, and let the cash flow begin.
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Additional Information
- Elementary School
- Barack Obama Elementary School
- Jr. High School
- Normandy Middle
- Sr. High School
- Normandy High
- Basement Description
- Unfinished
- Lot Description
- Back Yard, Front Yard
- Cooling
- Central Air
- Sewer
- Public Sewer
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Selling Terms
- 1031 Exchange, Cash, Conventional, Private
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Listing courtesy of Worth Clark Realty.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
