$35,000
$40,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,468 SqFt
SOLD DATE : 03/10/2025
Key Details
Sold Price $35,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,468 sqft
Price per Sqft $23
Subdivision Papin Tr Add
MLS Listing ID 25006129
Sold Date 03/10/25
Bedrooms 2
Full Baths 2
Year Built 1930
Lot Size 3,241 Sqft
Acres 0.074
Lot Dimensions irr
Property Sub-Type Single Family Residence
Property Description
Solid occupied rental property for a low price! This property is occupied with a long term (10+ years) tenant paying $550/month, electric, gas, and cares for the lawn - who pays rent like clockwork and is an amazing tenant who would like to stay for the indefinite future. Seller Pays Water/Trash (120/qtr) Sewer ($65/mo) Insurance (estimate 940/yr , seller doesn't carry). That is a 10.76% Cap Rate and a 1.65% rent ratio. TURNKEY AND.....
This property is strictly AS IS, Seller will do no repairs, nor provide new occupancy. Deferred maintenance as per photos. The roof age is unknown, at end of serviceable life, yet no known damage or leaks. Plumbing stack has a small leak as pictured near the floor. There could be some tuckpointing, gutterwork, soffit work done, as pictured, but again no known leaks or anything prompting action - nor any tenant requests or complaints. Back porch pulling away from building. VALUE ADD OPPORTUNITY! NO Seller Fin or Creative interest. NONE.
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Bathroom, Full, Partially Finished, Sleeping Area
Main Level Bedrooms 1
Interior
Interior Features Separate Dining
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Flooring Carpet
Fireplaces Number 1
Fireplaces Type Recreation Room, None, Decorative
Fireplace Y
Appliance Gas Water Heater
Exterior
Parking Features false
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional, Bungalow
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Hickey Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Sumner High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, 1031 Exchange, Private Financing Available
Listing Terms Cash, 1031 Exchange, Private Financing Available
Special Listing Condition Standard
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