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.
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.
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