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4277 Dr Martin Luther King Dr, St. Louis, MO 63113, USA

$180,000

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4277 Dr. Martin Luther King Dr, is a 6-unit multi-family property located at 4277 Dr. Martin Luther King, Saint Louis, MO 63113; in the Elleard Place neighborhood. This property contains approximately 8,100 sqft of floor space. The property is 100 vacant and will be undergoing a radical rehab. The average rent per unit after stabilization is $800. Valuation is based on an 8% cap rate. We are seeking $150,000.00 in a first position. Exit is a refinance into a bridge loan. Seller financing at 30% down