Test Post For Next
Sell 123 Evergreen Terrace- $135,000.00
- 2300 Sq Ft
Description
Attention This Is A Distressed Property
The statutory method for collecting delinquent real estate taxes is through a land tax sale. The City of St. Louis holds land tax sales several times a year. When tax sale list are posted I pick the ones I see the most potential in, that are in great areas and have potential for profit and income. I drive by each property and do my due diligence as most of the properties are distressed and in need of major repair and renovation. After I have completed an analysis for the property I begin the process of preparing my bid for each property.
It takes approximately 6 months to gain full ownership of the property. In the meantime, I nor you are legally allowed to step foot on the property or else we will be trespassing. Once ownership is fully transferred then the property will be owned free and clear with a marketable title.
Asking Price: $135,000
As Is Market Value:$155,000
After Rehab Value:$370,000* based on 9% cap rate
Welcome to this lovely home. located in a wonderful neighborhood on a quiet street.
