3009 S Jefferson AVE St Louis, MO 63118

I have three homes in Historic Benton Park Area of South St. Louis. The homes are l-6+ bedroom 2 bath home and 2-6+ 2.5 bath homes. The homes are three story brick homes that are occupied by St. Louis City Housing Authority Families under the Section 8 program. The highest rent is $1,500 per month and the two other homes rent for $1,300 per month, but should easily be approved at the $1,500 level upon renewal of the current lease. The 2018 Annual Real Estate taxes totaled $1,655.80. The annual insurance fbr a $175,000 limit for each property with a $10,000 per occurrence property insurance deductible is $2,130. The monthly Metropolitan Sewer bill expense for all three properties totals $262.32. If you factor in an estimated monthly maintenance expense, you will find that the properties have strong positive cash flow. The firm price is $366,000 for the three row homes, sold as a package. This listing is for 3009 and 3011. See other mls listing for 3007 Jefferson. Sold As Is