St Charles, MO 63301,2225 N 4th ST
St Charles, MO 63301,2225 N 4th ST
St Charles, MO 63301,2225 N 4th ST
$857,500
Est. payment /mo
$850,000
0.9%
Est.Price: ?

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6,440 SqFt
SOLD DATE : 08/06/2024

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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Listed by Jordan Schoen • Invest St. Louis
Bought with Richard Loughridge

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Kristen Bland

CEO | License ID: 2021043213

+1(636) 532-8580

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