6035 Margaretta Avenue,Pine Lawn, MO 63120
Pine Lawn, MO 63120
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.
Details
| MLS # | 26039929 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 59 |
| Listing Provided By | Worth Clark Realty | Tammy Derrigan |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 875 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.08 |
Interior
| Rooms Total | 4 |
|---|---|
| Cooling | Central Air |
| Heating | Forced Air, Natural Gas |
Exterior
| Construction Materials | Brick |
|---|---|
| Lot Features | Back Yard, Front Yard |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Electric | Ameren |
| Sewer | Public Sewer |
Taxes
| Property | 1077 |
|---|
Area Information
| State | MO |
|---|---|
| County | St. Louis |
| City | Pine Lawn |
| Zip Code | 63120 |
| Area | North |
| Community Name | Home Sites Third |
| School District | Normandy High |
| Elementary School | Barack Obama Elementary School |
| High School | Normandy High |
| Listing VS Median (in Home Sites Third) | |
Price: $80,000 low | high Med: $80,000 sqft: 875 low | high Med: 875 $ / sqft: $91 low | high Med: $91 On site: 59 low | high Med: 59 | |
Market Activity 63120
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Listings courtesy of Maris MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MO |
|---|---|
| County | St. Louis |
| City | Pine Lawn |
| Zip Code | 63120 |
| Area | North |
| Community Name | Home Sites Third |
| School District | Normandy High |
| Elementary School | Barack Obama Elementary School |
| High School | Normandy High |
| Listing VS Median (in Home Sites Third) | |
Price: $80,000 low | high Med: $80,000 sqft: 875 low | high Med: 875 $ / sqft: $91 low | high Med: $91 On site: 59 low | high Med: 59 | |
