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Key Details
Sold Price $210,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $61
Subdivision St Louis Commons Add
MLS Listing ID 24034149
Sold Date 06/28/24
Construction Status 109
Year Built 1915
Building Age 109
Lot Size 4,639 Sqft
Acres 0.1065
Lot Dimensions 38' x 125'
Property Description
Investors, this solid 4-family building has the heavy lifting completed but there's room to add value by upgrading finishes and raising rent. Units feature LR w/decorative fireplace, large kitchen, bath, & private bedroom. 2019 renovations included moving kitchens to the middle, making a private bedroom in the back; kitchen cabinets, stainless steel appliances, in-unit laundry, and some new vanities & mirrors completed the work in the units. Also new in 2019: some furnaces & water heaters, roof on main building, some exterior work. Window AC, updated electric panels. Rentometer shows average rent of $789. Did you see the 4-car garage? Previously rented for $150, it could easily go for more to a hobbyist. Current rents + pro forma $750 for the vacancy = annual income of 30,660, less 2023 expenses of 11,403 = NOI of 19,257, an 8.75% cap at asking price. Increase rents and add garage tenant for even better results. Buyer to verify all building information for themselves. Sale is as-is.
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air
Cooling Wall/Window Unit(s), Ceiling Fan(s)
Fireplace N
Appliance Some Dishwasher(s), Some Fireplace(s), Some Refrigerator(s), Some Range Oven(s), Washer/Dryer, Some Window Treatment(s)
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 109
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, Private
Listing Terms Cash Only, Conventional, Private
Special Listing Condition None
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Bought with Evan Vishion
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