3304-3306 Keokuk St, St Louis, MO 63118

Description

Here's your opportunity to house-hack and reduce your living expenses or add a massive duplex to your rental portfolio. This 3,780 sf property features two spacious 4-bed/2-bath townhouse-style units. Gross potential income of $3,270/mo is in line with 4-family properties of similar size, but with less tenants and less management complexity. 3304 is leased at $1,635/mo and 3306 is vacant, giving buyer the flexibility to occupy or rent for additional income. With both units leased, it delivers an estimated 9.5% cap rate and a strong 14.5% cash-on-cash return, making it an attractive investment. Both units feature central a/c and in-unit laundry hookups. Many updates includ...