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Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 2,450 sqft
Price per Sqft $79
Subdivision St Louis Commons Add
MLS Listing ID 23067252
Sold Date 12/28/23
Construction Status 113
Year Built 1911
Building Age 113
Lot Size 3,088 Sqft
Acres 0.0709
Lot Dimensions 26x125x26x125
Property Description
This fully-renovated, 2-unit property is 100% occupied and cash flowing on day 1! The property has 2 long-term tenants (5+ yrs and 3+ yrs) at rents of $805/mo and $865/mo. With market rents for similar units at $1,039/mo, the property has significant upside potential via near-term rent increases or owner-occupancy. Additional upside potential is available via the lease-up of the on-site two-car garage. Each 2BR/1BA unit is approximately 1,150 sq ft for a total of 2,300 sq ft of living area. Amenities include full kitchens (oven/stovetop, dishwasher, garbage disposal, and refrigerator), central HVAC, ceiling fans, hardwood floors, private decks, washer/dryer hookups, lockable storage closets, garage parking, and a fenced yard. The property was fully renovated in 2015 with new: 200-amp electric panels, PVC stacks and lateral piping, water heaters, HVAC systems, utility meters, gas furnaces (2017), roof (2018), open-concept floor plans, kitchens, bathrooms, windows, and drywall/paint.
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air
Cooling Gas
Fireplace N
Appliance Some Dishwasher(s), Some Fireplace(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s)
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 113
Schools
Elementary Schools Froebel Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Other
Listing Terms Cash Only, Conventional, Other
Special Listing Condition Other, None
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Bought with Anna Garcia
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