St Louis, MO 63118,2901 Nebraska AVE
St Louis, MO 63118,2901 Nebraska AVE
St Louis, MO 63118,2901 Nebraska AVE
$650,000
Est. payment /mo
$659,000
1.4%
Est.Price: ?

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6,400 SqFt
SOLD DATE : 10/01/2024

Key Details

Sold Price $650,000

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 6,400 sqft

Price per Sqft $101

Subdivision Lanes Add 03

MLS Listing ID 24047537

Sold Date 10/01/24

Construction Status 97

Year Built 1927

Building Age 97

Lot Size 6,290 Sqft

Acres 0.1444

Lot Dimensions 49x130

Property Description

Fully updated 8-unit apartment building in the historic Tower Grove East neighborhood. Located 1.5 miles from Tower Grove Park, and all the amenities of South Grand. Built in 1927, this brick building has a total square footage of 6,400, and is priced to sell at $102 per square foot. Each 1-bedroom, 1-bathroom unit has 750 square feet of modern living space. All units were completely renovated in 2021 with granite countertops, stainless steel appliances (including gas stoves, refrigerators, microwaves, & dishwashers), in-unit washers and dryers, and keyless locks throughout. Additional upgrades in 2021 include new condensers, PVC and pex plumbing, sewer laterals, and a TPO roof. There is potential to increase rent as-is. The average rents of 33 one-bed rentals within 1 mile in the past year is $1,024/mo on rentometer. If the apartments were rented at average rent, a fully-occupied building would generate $8,192 per month, or $98,304 annualized.

Location

State MO

County St Louis City

Area Central East

Interior

Heating Forced Air

Cooling Gas

Fireplace N

Laundry Prvt Laund all units

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Construction Status 97

Schools

Elementary Schools Shenandoah 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, Other

Listing Terms Cash Only, Conventional, Exchange, Other

Special Listing Condition Renovated, None

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Listed by Jordan Schoen • Invest St. Louis
Bought with Thomas Makowsky

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Kristen Bland

CEO | License ID: 2021043213

+1(636) 532-8580

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