House for sale
£42,376
Missouri, Saint Louis County, Hillsdale, USA Property ID: 41696868
Property description
This very nice two bedroom single family home is located in Hillsdale and is just
seven minutes and 3 miles from Washington University St Louis.
The home has two large bedrooms, one bathroom and a large lounge diner. The
property has recently been updated inside throughout to a Section 8 standard
and now has a Section 8 tenant in place paying $630 in rent each month. There
is a possibility the tenant could apply for an increase in rent payments in the
region of $850 – $900.
The property is located in Hillsdale which is only 9.6 miles from Downtown Saint
Louis.The Hillsdale neighbourhood in St. Louis is undergoing a much needed
transformation as part of a new Blight Elimination project. the city is partnering
with the new non-profit organisation to clear four city blocks of vacant homes.
Hillsdale sits close to West End where similar projects have now rejuvenated the
area with luxury properties now in abundance.
Return of investment
12%
Break even in
8.3 Years.
