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About the Listing EXRT01 - CHDEWALD,BRDEWALD
OPEN HOUSE CANCELLED! One of a kind opportunity - Fully rehabbed Triplex in the heart of Festus! This large three unit building is perfect for house -hacking or the savvy investor! Major cash flow opportunity with projected gross annual of $67,800 (before expenses), a Gross Yield of 13.6%. Each unit has been fully remodeled with open concept layouts, en-suite primary main floor bedrooms, in-unit laundry, stainless steel appliances, granite countertops, walk-in closets and thoughtful finishes throughout. Updates also include a new roof and all new systems! Assigned private parking spots - Unit 138 has two spots, Unit 134 has three spots, Unit 136 has three spots AND there's 3 open guest parking spots. Unit 136 located in the back of the building with a screened in porch features over 1,400 sqft of living space with three generous sized bedrooms, 2 full baths, a large living room opening up to dining area and big kitchen with tons of cabinetry. Unit 134 located in the front of the building with a covered front porch features almost 1,000 sqft of living space, 3 bedrooms, 2 full baths, a laundry room with extra storage, big living room in the front, a walk-in closet and an efficient u-shaped kitchen layout with generous workspace & ample amount of cabinets. Unit 138 located upstairs with over 750 sqft opens up to a large open-concept space with living area & eat-in kitchen and has a smart layout with 2 big bedrooms, 1 full bath. Excellent house-hacking opportunity: Three Units - Multiple Income Streams. Fully renovated. One Smart Move. Live in one unit while collecting rent from the other two, giving you the opportunity to reduce your out-of-pocket housing costs & expenses while building equity. Home warranty offered! These move-in ready units are a MUST SEE. Below are the numbers for projected rent: Unit 136 – 3 Bed / 2 Bath: approximately $2,100/month. Unit 134 – 3 Bed / 2 Bath: approximately $1,950/month. Unit 138 – 2 Bed / 1 Bath: approximately $1,600/month. Water, sewer, and trash are included, while gas and electric are separately metered. Attention investors - strong 1% Rule Opportunity! Offered at $499,900, this three-unit property features projected combined rents of approximately $5,650 per month ($67,800 annually). That equates to approximately 1.13% of the list price in projected monthly rental income, exceeding the traditional 1% Rule benchmark. 134-138 Gray St - conveniently located in Festus, close to Main Street, schools, restaurants, shopping, highways+++ CALL NOW for more information!
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 5 Full
- Appliances: Stainless Steel Appliance(s), Dishwasher, Microwave, Electric Range, Refrigerator
- Air Cond: Central Air,Electric
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor: Luxury Vinyl
- Above Ground Sq Ft: 3545
- Below Ground Sq Ft: n/a
- Basement: Partial,Storage Space
- Other: Ceiling Fan(s),Eat-in Kitchen,Granite Counters,High Ceilings,High Speed Internet,Open Floorplan,Recessed Lighting,See Remarks,Vaulted Ceiling(s),Walk-In Closet(s)
- Water: Public
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Additional Parking,Alley Access,Assigned,Gravel,Off Street,On Site,On Street,Private,Secured
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 19-3.0-06.0-4-015-026.01
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
134 Gray St Festus, MO 63028
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