6035 Margaretta AVE, Pine Lawn, MO 63120
6035 Margaretta AVE, Pine Lawn, MO 63120
6035 Margaretta AVE, Pine Lawn, MO 63120
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$80,000
Est. payment /mo
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2 Beds
1 Bath
875 SqFt
New

6035 Margaretta AVE Pine Lawn, MO 63120

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 875 sqft

Price per Sqft $91

Subdivision Home Sites Third

MLS Listing ID 26039929

Style Bungalow

Bedrooms 2

Full Baths 1

Year Built 1949

Annual Tax Amount $1,077

Lot Size 3,563 Sqft

Acres 0.0818

Lot Dimensions 33' x 106'

Property Sub-Type Single Family Residence

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.

Location

State MO

County St. Louis

Area 5 - North

Rooms

Basement Unfinished

Main Level Bedrooms 2

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace Y

Exterior

Parking Features false

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

Private Pool false

Building

Lot Description Back Yard, Front Yard

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Barack Obama Elementary School

Middle Schools Normandy Middle

High Schools Normandy High

School District Normandy

Others

Ownership Private

Acceptable Financing 1031 Exchange, Cash, Conventional, Private

Listing Terms 1031 Exchange, Cash, Conventional, Private

Special Listing Condition Listing As Is


Listed by Tammy Derrigan • Worth Clark Realty

NEARBY SCHOOL & BUSINESS

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Holly Gerchen

Holly Gerchen

Broker Salesperson | License ID: MO 2012008377

+1(314) 629-3858

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6035 Margaretta AVE