Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
3,545
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!
Features & Amenities
Interior
-
Other Interior Features
Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Ceilings, High Speed Internet, Open Floorplan, Other, Recessed Lighting, See Remarks, Vaulted Ceiling(s), Walk-In Closet(s)
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
3545.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric, Ceiling Fan(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Other Exterior Features
Other
-
Parking
Additional Parking, Alley Access, Assigned, Gravel, Off Street, On Site, On Street, Private, Secured
-
Patio and Porch Features
Covered, Deck, Front Porch, Rear Porch, See Remarks
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.27
-
Lot Size(square feet)
11,761
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$499,900
-
Sq. Footage
3,545
-
Price/SqFt
$141
HOA
-
Association
No
School District
-
Elementary School
Festus Elem.
-
Middle School
Festus Middle
-
High School
Festus Sr. High
Property Features
-
New Construction
NO
-
Accessibility Features
Accessible Entrance, Accessible Approach with Ramp, Accessible Bedroom, Accessible Central Living Area
-
Ownership
Private
-
Water Source
Public
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Location
County
Jefferson
Elementary School
Festus Elem.
Middle School
Festus Middle
High School
Festus Sr. High
Listing Courtesy of Christoph Dewald , EXP Realty, LLC
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