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Property Sales - 41696868 - House in USA, Missouri, Saint Louis County, Hillsdale
This very nice two bedroom single family home is located in Hillsdale and is justseven minutes and 3 miles from Washington University St Louis.The home has two large bedrooms, one bathroom and a large lounge diner. Theproperty has recently been updated inside throughout to a Section 8 standardand now has a Section 8 tenant in place paying $630 in rent each month. Thereis a possibility the tenant could apply for an increase in rent payments in theregion of $850 – $900.
The property is located in Hillsdale which is only 9.6 miles from Downtown SaintLouis.The Hillsdale neighbourhood in St. Louis is undergoing a much neededtransformation as part of a new Blight Elimination project. the city is partneringwith the new non-profit organisation to clear four city blocks of vacant homes.Hillsdale sits close to West End where similar projects have now rejuvenated thearea with luxury properties now in abundance.
Return of investment
12%
Break even in
8.3 Years.
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