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Key Details
Sold Price $857,500
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,440 sqft
Price per Sqft $133
Subdivision Roosevelt Place Add
MLS Listing ID 24041522
Sold Date 08/06/24
Construction Status 59
Year Built 1965
Building Age 59
Lot Size 0.361 Acres
Acres 0.361
Lot Dimensions 115x140x113x140
Property Description
Opportunity to purchase 2 multi-family buildings in St. Charles. These properties have individual tax parcels but are being sold together, totaling 14 units. One building has 8 units, and the other has 6, all featuring 1-bedroom, 1-bathroom layouts. The combined building size is 6,440 square feet, and the total lot size is 0.361 acres. Some units and buildings have been upgraded in recent years. There is great potential to increase rent significantly, both as-is and with additional updates. With modern flooring, lighting, stainless steel appliances, kitchen cabinets, countertops, bathrooms, and in-unit laundry, rent could increase by 20%-35%. With units potentially renting at $995 after updates, the buildings could generate $13,930 per month, or $167,160 annually. There are 26 parking spots for tenants. Note: These properties are located in a flood plain. A virtual tour, rent, and sales comparables are available upon request. The seller will review offers at 5 p.m. on Tuesday, July 9.
Location
State MO
County St Charles
Area St. Charles
Interior
Heating Baseboard, Hot Water
Cooling Wall Unit(s)
Fireplace N
Laundry No Laundry Facil.
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 59
Schools
Elementary Schools Coverdell Elem.
Middle Schools Jefferson / Hardin
High Schools St. Charles High
School District St. Charles R-Vi
Others
Ownership Private
Acceptable Financing Cash Only, Exchange, Other
Listing Terms Cash Only, Exchange, Other
Special Listing Condition Other, None
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Bought with Richard Loughridge
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