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Key Details
Sold Price $355,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $100
Subdivision Russell Add 02
MLS Listing ID 24036505
Sold Date 07/11/24
Construction Status 95
Year Built 1929
Building Age 95
Lot Size 4,617 Sqft
Acres 0.106
Lot Dimensions 42 x 110 x 42 x 110
Property Description
Quality four family building located in popular Tower Grove South walking distance to Tower Grove Park, Botanical Gardens, shops/restaurants on Morganford and Grand. Nearly 900sf units all in similar "B" finish. Lower units are shotgun/walkthrough. Exterior condition great; new TPO roof a/o August 2022, all vinyl windows, all capped/enclosed in aluminum. Systems of various ages. Off-street parking in rear for ~4 vehicles. Currently fully occupied w/ rents avg ~$0.75/sf. With proforma/market rents at ~$1.00/sf ($895/unit), the building delivers a near 9% cap rate w/ a 1.42 DSCR at list price with current interest rates. Extensive media (including full video walkthrough of all units, basement, & exterior), 3D scans of two units, and documentation (survey etc) are available in supplements. Please ask your agent to provide them to you (specifically, the brochure which has links).
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Appliance Some Dishwasher(s), Some Disposal(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s)
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 95
Schools
Elementary Schools Mann Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Exchange, FHA, Government, VA
Listing Terms Cash Only, Conventional, Exchange, FHA, Government, VA
Special Listing Condition None
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Bought with Patrick Kavanagh
- Arnold
- Hazelwood
- O'Fallon
- Ballwin
- High Ridge
- St. Charles
- Barnhart
- Hillsboro
- St. Louis
- Bridgeton
- Imperial
- St. Peters
- Chesterfield
- Innsbrook
- Town & Country
- Clayton
- Kirkwood
- University City
- Cottleville
- Ladue
- Warrenton
- Creve Coeur
- Lake St. Louis
- Washington
- Fenton
- Manchester
- Wentzville
- Florissant
- O'Fallon
- Wildwood
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