Julian Ave
Saint Louis, MO 63133

720 sq. ft., 2 bedroom / 1 bathroom

Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133
Julian Ave</br> Saint Louis, MO 63133

Property Information

Current Status Occupied
Lease Start Date 02/03/2025
Lease End Date 02/03/2026
Utilities Paid by Tenant
Initial Investment* $22,440

*Includes down payment plus $3,000 of closing costs

Purchase Price $90,000

Current Rent $900
Cap Rate 9%
Cash on Cash Return* 34%
Net Cash Flow Per Month* $202

*Assuming 20% down with a loan at 2PTS + 7% interest for 30 years. Including equity build up and 3% appreciation per year.

About This Property

Welcome to 6507 Julian Ave, Saint Louis, MO 63133, a fully updated 2-bedroom, 1-bathroom beautiful home. This home features a new HVAC unit, furnace, upgraded plumbing, and electrical system for modern comfort. The kitchen boasts brand-new appliances, and the remodeled shower adds a fresh touch. Located in the Normandy School District, with easy access to parks, public transportation, and local businesses, this home offers both convenience and investment potential. The spacious backyard adds outdoor appeal. Recently rented with a 12-month lease, home is a fantastic opportunity!

Renovations include:
– New HVAC unit
– New Furnace
– Upgraded plumbing system
– Upgraded electric system
– Complete shower remodel
– Brand new kitchen appliances (refrigerator, microwave, and oven)
– New luxury vinyl plank flooring
– Basement wall repairs and painting
– Spot tuckpointing around the building.
– Exterior and Interior painting
– Installed new front stair railing
– Installed new baseboards
– Installed smoke and carbon monoxide detectors and kitchen/bathroom vents
– Pest control treatment

~This is being marketed by a FlipSystem client.

Financing Options

MartelTurnkey has partnered with some of the top lenders that provide a wide range of financial solutions to meet your Rental investing needs. Talk to an Advisor to learn more or visit our partner to get pre-approved.

Property Management Company

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Investment Terms

Purchase and Sale Agreement (PSA): A PSA will be delivered electronically once an agreement has been made and must be executed by Buyer within 24 hours of receipt.
Earnest Money Deposit (EMD) of $1,000 must be wired to the Title Company within 3 days of PSA signing.
Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.
Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 45 days of PSA execution for financing unless otherwise agreed by Buyer and Seller.
Lease Agreement: The current lease agreement will be provided to Buyer at Closing.
Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Martel TurnKey to lower transaction costs for Buyers and Sellers. Actual closing costs will be outlined on the final settlement statement.

Buying Process

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