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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Erik Svoboda

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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!

134 Gray Street

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