College Housing: Spend $31k or Receive $168k ? You choose!

By
Real Estate Agent with eXp Relaty

 

Pay $31,000 for 4 years of college housing or Earn $168,000 while you or your child lives rent free?

Would you ever imagine that your college student’s housing could be an #INCOME producing #INVESTMENT rather than a constant expense? It can.  A #MULTIFAMILY property, well situated in a great location for college students and professionals that aren’t ready to buy presents a great opportunity to turn that housing expense into a profit!

Your student rents for 4 years and reasonable it costs $31,200 😨, or make a purchase as an investor and own property that has multiple units.  Free rent for the student and owner you could MAKE $168,000 😎 at the end of the 4 years.  We’ll not only help you buy but help you plan to sell when college is over if you no longer wish to receive that income.

Purchasing a ##MULTIFAMILY #PROPERTY can be a great #INCOME producing alternative to costly student housing, if you would be interested to explore #MULTIFAMILY  #REALESTATE In #STLOUIS MO for this or any other purpose, follow this link by clicking the picture below and contact Lynne Hart for more information.

Picture this: 

  •         $31,200:  Cost for 4 years of rent @ conservatively estimated rent of  $650/month
  •         $192,000:  Gross rents collected on a duplex with 4 bed 2 bath units renting at $2000/unit
  •         $168,000: Gross rents collected if you or your student occupies one of the bedrooms and doesn’t pay rent, but has 3 roommates.

#FEATURED PROPERTY

Here’s a real example, for sale today, from which these numbers were projected.  A #GORGEOUS #TWOFAMILY #PROPERTY near walkable entertainment areas and convenient to schools, hospitals, etc.  This fully occupied duplex has 4 has bedrooms and 2 bathrooms per unit, a 2 car garage and a gorgeous pool – not to mention overlooking Flynn Park.  It earns $1905 and $2005 in rents, and these rents are under market, could easily be $2400 per unit.  Priced to sell at $559,500, it comes with roughly $80,000 equity – as its neighbor and very similar property just sold at $640,000. Click here to review 7238 Pershing In #UCITY MO

St. Louis is a great place to get more for your dollar in purchasing multifamily property and has great establishments that serve highly qualified renters right to your doorstep.  The cost of living in St. Louis is one of the lowest in the country, and various attractions bring great renters, like Washington University (#WUSTL) Medical, Applied Sciences, and Law Schools, St. Louis College of Pharmacy (#SLCOP), Barnes Jewish Hospital (#BJC), and the #Cortex Innovation Center and more!. All are drawing new residents to St. Louis. These institutions are all centrally located by great multifamily property where new construction is adding capacity to address the incoming residents!

(all numbers subject to change due to market variations)

See other available properties similar to this one HERE

Want something with a lower price? (Maybe a little further away from this area) Click HERE

#myINTRINSIChomes #myINTRINSICstlouis
#myINTRINSICinvestment #myINTRINSIClife

Comments (4)

Michael Sisemore
123 - Colbrook, CT

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May 22, 2018 12:10 PM
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Anonymous
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Oct 31, 2019 03:01 AM
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