St Louis, MO 63118,3623 Virginia AVE
St Louis, MO 63118,3623 Virginia AVE
St Louis, MO 63118,3623 Virginia AVE
$210,000
Est. payment /mo
$220,000
4.5%
Est.Price: ?

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3,400 SqFt
SOLD DATE : 06/28/2024

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)

Exterior

Parking Type Detached Garage - 3-4 Car

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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Listed by Tammy Derrigan • Radius Realty
Bought with Evan Vishion

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Sandy Seaton

VP of Real Estate Operations | License ID: 2021043213

+1(636) 532-8580

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