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$750 / Month Cashflow And Instant $30k Profit In This Easy Reo Deal

$750 / Month Cashflow And Instant $30k Profit In This Easy Reo Deal
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Posted By:
The Foreclosure Pimp
Posting ID:
St Louis
 reo   real   estate   foreclosure   cash   flow   equity   profit   dollar   missouri   rich   retire 
Listing Type:Single Family Foreclosure
Living Area:1550 Sq Ft
10085 Diamond
St Louis, MO 63137

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3 Bed 1.5 Bath – Rents for $750/month
Purchase Price: $18,500
Repair Licensed Bid: $ 12,376.
Investor All In: $30,876!!!
ARV Estimate: $70,000

Key Anchors/Amenities
• Nearby Retail and Services:
o Banks: US Bank, Regions Bank, Bank of America
o Dining: Rally's Burgers, McDonald's, Popeye's, Chopstix
o Worship: New Birth Ministries, Oasis of Love Church, Riverview Gardens Baptist Church, + more
o Medical Care: Christian Hospital, Kindred Hospital
o Shopping: Normandy Shopping Center, Target, Schnucks
o Pharmacies: Walgreens, Schnucks Pharmacy, Rehoboth
o Plus much, much more
• Nearby Schools, Universities, & Parks:
o Fairview Primary Elementary
o Woodland Elementary
o University of Missouri - St. Louis Campus
o Normandy Golf Club
o Glen Echo Country Club
o Davis Park
o Hickey Park
o Lions Park

Area Riverview Gardens Subdivision/Complex Dulle Approx Square Feet 1516* Sq Ft Source County Records Price / SqFt 8.44 Lot Sq Ft (approx) 18121 Lot Acres (approx) 0.416 County St Louis Style 1.5 Story Beds 3* Baths 1.50 Age 86* Map Book Wunnenberg Map Coordinates F10, 11 Cross Street Directions to Property 270 N to Lilac exit to R on Lilac to L on Gourock to R on street. Dual Agency Yes Lic. Asst'g Seller Designated Agent
General Information
Elementary School Riverview Gardens
Jr. High School Riverview Gardens
Sr. High School Riverview Gardens
Taxes Paid $1141
Year 8
Assoc Fee Paid None

Rooms & Baths
# of Rooms 7
Main Full Baths 1
Upp Half Baths 1

Architecture Traditional
Construction Vinyl Siding
Parking Description Off Street
Basement Description Full
# Fireplaces #1
Fireplace Type Woodburning Fireplce
Fireplace Location Living Room
Lot Dimensions 100 x 181

Room Dimensions
Living Room 17x15 Level: M
Living Room Floor Cv Carpeting
Dining Room 16x10 Level: M
Dining Room Floor Cv Carpeting
Kitchen 14x12 Level: M
Kitchen Floor Cv Vinyl
Master Bedroom 18x5 Level: U
Master Bdrm Floor Cv Carpeting
2nd Bedroom 11x5 Level: U
2nd Bedroom Floor Cv Carpeting
3rd Bedroom 14x13 Level: M
3rd Bedroom Floor Cv Carpeting

Additional Information
Disclosures Sellers Discl Not Av
Conditions Unknown
Special Description Foreclosure
Cooling Central-Electric
Sewer Public
Heating Forced Air
Water Public
Heat Source Gas
Water Heat Gas

Financial / Misc Information
Selling Terms Cash, Conventional
Possession At Closing
St. Louis is an independent city 7 in the U.S. state of Missouri. The city itself has an estimated population of 354,361 6 and is the principal municipality of Greater St. Louis, population 2,877,126, the largest urban area in Missouri and 16th-largest in the United States. 8
St. Louis has been at the forefront of the 21st-century wave of urban revitalization, receiving the World Leadership Award for urban renewal in 2006. 10 In 2008, the U. S. Census Bureau reported St. Louis had a net population gain of 6,172 from the 2000 Census, to 354,361, the first gain the city has had since 1950. 6
The city contributed to the musical styles of blues, ragtime, and jazz. The St. Louis Cardinals, one of the most successful Major League Baseball teams, make their home at Busch Stadium. Other professional teams include the St. Louis Rams(football) and St. Louis Blues (hockey). A diversity of successful sports franchises has led to St. Louis being called "North America's Best Sports City." 11 The city's many 19th-century breweries shaped beer in the United States, most notably Anheuser-Busch, Falstaff Brewing Corporation, and Lemp Brewery. The vestiges of French and Spanish colonization make St. Louis one of the largest centers of Roman Catholicism in the United States.
St. Louis lies at the heart of Greater St. Louis, a metropolitan area of nearly three million people in Missouri and Illinois. The Illinois portion is commonly known as the Metro-East. The region is known as an academic and corporate center for the biomedical sciences and is home to some of the country's largest privately held corporations, including Enterprise Rent-A-Car, Graybar, Scottrade, Edward Jones, and is also home to some of the largest public corporations and corporate divisions, including Emerson, Energizer, Anheuser-Busch InBev (North American Headquarters), Boeing Integrated Defense Systems, Purina, Express Scripts, Charter Communications, Monsanto Company, and Wells Fargo Advisers.
Many well-known U.S. corporations make St. Louis their home. St. Louis has 8 Fortune 500 companies. Beer commercials have made the city well known as the home of Anheuser-Busch Breweries, however Anheuser-Busch was acquired by the Belgium based beer company Inbev in the summer of 2008. (Recent legislation has even proposed making Budweiser the official beer of the State of Missouri. 40 ) Local brokerages Stifel Nicolaus and Edward Jones, as well as online brokerage firm Scottrade plus Wachovia Securities (formerly A.G. Edwards, merged into Wachovia Corporation) are major players on the national financial landscape. It is also the site for the world headquarters of Energizer, the battery and flashlight company as well as parent company of Playtex andSchick. Neighboring suburbs host Monsanto Company, formerly a chemical company and now a leader in genetically modified crops, and Solutia, the former Monsanto chemical division that was spun off as a separate company in 1997. Express Scripts, a pharmaceutical benefits management firm, has its corporate headquarters in the suburbs of St. Louis and recently announced plans to construct its new headquarters near the campus of the University of Missouri–St. Louis. Hardee's corporate headquarters lies in the metro area. Enterprise Rent-A-Car is headquartered in Clayton. Emerson Electric is headquartered in the north side of St. Louis. Charter Communications, the nation's fourth largest broadband communications company, is also headquartered in suburban St. Louis. The corporate headquarters of Medicine Shoppe International a subsidiary Katz Group of Companies makes its home in the western suburbs. Perficient, a national, publicly traded Information Technology consulting firm with 18 North American offices and over 1,000 employees, has its headquarters in Town & Country, a west county suburb of St. Louis. 41
Many of the Ralston Purina divested business still remain in headquartered St. Louis including the aforementioned Energizer, and Ralcorp. 42
In addition, early in the 20th Century, St. Louis was home to brass era automobile maker Clymer. 43
In recent years the corporate landscape has evolved, with several corporate pillars leaving the city. Mallinckrodt, headquartered in the St. Louis region for more than 130 years, was purchased by Tyco International (now Covidien) in 2000, though most of the former Mallinckrodt facilities remain in operation as the new Tyco Mallinckrodt in the St. Louis suburb of Hazelwood, Missouri. In the Retail industry The May Department Stores Company, which owned Famous-Barr as well as the legendary Marshall Field's, was purchased by Federated Department Stores in 2005. Federated now maintains its Midwest headquarters in St. Louis, known as "Macy’s Midwest" it operates 110 stores in nine states. Southwestern Bell Corporation (SBC), now AT&T, relocated to San Antonio, TX(1993) then to Dallas (2008), maintaining their AT&T Advertising Solutions Directory/Yellow Pages headquarters in St. Louis as well as its Southwest operations center in St. Louis. Ralston Purina, was acquired by the animal human-food maker Nestle, in 2001 to make the world's largest food company and renamed the new subsidiary Purina. Many of the Ralston Purina divested business still remain in headquartered St. Louis including the aforementioned Energizer, and Ralcorp. 44
St. Louis remains home to railway car plants; two DaimlerChrysler plants in the nearby suburb of Fenton, where minivans and pickup trucks are built; a General Motors plant in suburban Wentzville. In 1997, Berkeley, Missouri-based McDonnell-Douglas merged with Boeing. With the new corporate world headquarters in Chicago, St. Louis became the divisional headquarters for Boeing's $27 billion-per-year Boeing Integrated Defense Systems unit and home for the company-wide R&D unit, Phantom Works. Boeing manufactures the F/A-18 Super Hornet, F-15 Eagle, and JDAM smart bombs in St. Louis region, and has developed — at times secretly — several unmanned combat air vehicles (UCAVs). 45
The Federal Reserve Bank of St Louis in downtown is one of two federal reserve banks in Missouri. 46
The region has built up a formidable health care industry. This is dominated by BJC HealthCare, which operates Barnes-Jewish Hospital and St. Louis Children's Hospital, plus eleven others. BJC benefits from a symbiotic relationship with Washington University School of Medicine, which is a major center of medical research. Other major players include SSM Health Care, St. John's Mercy, and the Tenet Healthcare Corporation chain. In addition there is Saint Louis University School of Medicine which is a leader in several areas of medical research and works with hospitals including Cardinal Glennon Children's Hospital and Saint Louis University Hospital. St. Louis is also home to a company that produce radiation therapy planning software: Multidata Systems International.

Great low risk rental opportunity for passive cash flow in solid neighborhood. Multiple exit strategies can be utilized with this great investment property! Licensed contractor ready to start work when you close! Looking forward to hearing from

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