$173,000
$185,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
3,437 Sqft Lot
SOLD DATE : 09/19/2024
Key Details
Sold Price $173,000
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Southeast
MLS Listing ID 24045468
Sold Date 09/19/24
Year Built 1905
Annual Tax Amount $482
Lot Size 3,437 Sqft
Acres 0.079
Lot Dimensions irr
Property Sub-Type 2-4 Units
Property Description
FULLY OCCUPIED 3 Unit building producing a 10.5% return!! Have a completely turnkey investment generating $19k NOI annually! Or, if you prefer to play the value add game, update units 1 and 2 when their leases expire in July and August, and take advantage of high market rents! Unit 1 has been in place via Section 8 nearly 8 years, Unit 2 is rented via St. Patrick's center, and the Rear studio unit is recently rented to a market tenant. Interior photos are of Unit 2 and the Rear unit prior to being rented. While cosmetic updates hasn't been the focus for this building, you'll find lots of the big stuff already done and in great condition! New Roof 2017, and Water Heaters / HVAC in 2013 - one in 2023. Unit 1 has window units. Can be packaged with a two family at 4243 Meramec (24045572) for five total units!
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Natural Gas, Forced Air
Cooling Wall/Window Unit(s), Central Air, Electric
Fireplace N
Appliance Gas Water Heater
Exterior
Parking Features false
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Meramec Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
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Bought with LynneGHart
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "