2909 Clara Ave, Saint Louis, MO 63120

2909 Clara Ave, Saint Louis, MO 63120

2 BD, 2 BA, 648 SqFt

(2 extra non registered bedrooms in basement)

Price: $25,000

Slow Flip Numbers: $900-1000/month, $3000 down, $79,000

Property taxes are only $13/month (which means your Net Profit is higher) !!

Rent Comps at $1,080/month 

Ken Kiel’s Photos and Videos:
https://share.icloud.com/photos/018xlPyvs7iB-ZUZqAEBIE3AA 

Details:

• Roof about 15-20 Years old
• Furnace 8 Years old
• Breaker box, 2016 / 2017
• Plumbing more than 7 years old
• Partly Finished Basement
• Solid Vinyl Windows
• Needs Gutters 
• Owner occupied, vacant at closing. 

Ken Kiel Walkthrough FeedBack:

“Half of the roof was pitched with shingles on it that didn’t look too bad (I’d say 15/20 years old). The back half of the house has a flat roof and I could not see it but I did not notice any water stains on the inside ceiling other than one spot on the very back and it’s caused by NOT having a gutter on the back,

Updated electrical panel,

The roof was lifted some time ago and turned into living space,

Basement has 2 illegal bedrooms with family members sleeping in them.

Basement does have a bathroom but very old,

Water heater is approximately 15 years old.

Furnace is approximately 8 years old.

Older metal kitchen cabinets.

Older/original windows.

House does need gutters on 2 sides and there is some wood rot because there isn’t gutters.

From what I could see the roof looked okay but there was signs of water damage on the second floor ceiling along the rear edge MOST LIKELY caused by no gutter

What is their asking price

That is interesting. It definitely works with the numbers.

No real yard but that’s not a bad thing. The little backyard it does have is fenced inI think at 25k you’ll do okay”