134 Gray ST, Festus, MO 63028
134 Gray ST, Festus, MO 63028
134 Gray ST, Festus, MO 63028
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Jacob Geringer

Jacob Geringer

+1(314) 570-6794
$499,900
Est. payment /mo
3,545 SqFt
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Open House

Sun Aug 30, 1:00pm - 3:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,545 sqft

Price per Sqft $141

MLS Listing ID 26054507

Style Other

Year Built 1920

Lot Size 0.270 Acres

Acres 0.27

Property Sub-Type 2-4 Units

Property Description

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!

Location

State MO

County Jefferson

Area 395 - Festus

Rooms

Basement Partial, Storage Space

Interior

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)

Heating Forced Air, Natural Gas

Cooling Central Air, Electric

Flooring Luxury Vinyl

Fireplace N

Appliance Stainless Steel Appliance(s), Dishwasher, Microwave, Electric Range, Refrigerator

Laundry See Remarks, In Unit

Exterior

Exterior Feature Other

Fence Partial

View Y/N No

Private Pool false

Building

Lot Description Level

Story 1.5

Water Public

Level or Stories One and One Half

Structure Type Vinyl Siding

Schools

Elementary Schools Festus Elem.

Middle Schools Festus Middle

High Schools Festus Sr. High

School District Festus R-Vi

Others

Ownership Private

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Read Less Info
Listed by Christoph Dewald • EXP Realty, LLC

NEARBY SCHOOLS & PROPERTIES

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Jacob Geringer

Jacob Geringer

+1(314) 570-6794

Broker License ID: 2013031208

Broker License ID: 2013031208

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134 Gray ST