Property Description:
This Tri Plex is in Missouri. It's in an area that has been turned around by other investors and now is a hot spot for people to live. Properties appreciate well in this area. It's down town so it's close to the cardinals staduim for you baseball fans.
This Tri Plex comes fully rent with tenants the have not missed a payment. In total the rent is comes out to be $2205 a month. So if you follow the 1% rule the property should sell at 220,500
I have a list of comps that put the property at 71.53 a sq which comes out to an arv of 239,625 for this property
The property consists of a unit that is a 2/1 and two units that are 1/1