7028 Dawson Place St Louis , MO 63136

Looking for reliable Sec 8 income? This home is part of a package that includes another single family home and one duplex for a total of four units. Three units are leased with Sec 8 tenants and one side of the duplex is vacant. Average rents are $1070/month. The package price is $221,500 which is an average of $55,375 per door. Estimated Pro Forma Cap Rate is 11.91%. The properties do have some deferred maintenance and have been priced accordingly. You can expect older systems and older roofs. Access to the properties will be provided with an accepted contract. To minimize tenant disruption, the buyer will have one-time access to the properties and a 45 minute window per property to complete inspections. Please see supplements for a brochure with details on all of the properties. The properties are being sold as is, with the seller to do no inspections or repairs. If you're a cash buyer, this could make a great starter investment package or easy addition to an existing portfolio.