$ 347,400 $ 347,400

4260 Michigan AVE

St Louis, MO 63111

  • 7,248 SqFt
  • 5,101 Lot Size
  • 1928 Year Built
READY to be your CASH COW! Four units rented long term, and two currently on market for rent. You don't see returns like this too often, should be a 11+% cap once fully occupied. Brand new TPO roof with 20 year warranty! Building generally in great shape with low need for maintenance, all tenants are current. Building is managed and can stay in place if desired. Ask your favorite agent for the supplemental documents which will have links to detailed information on Financials and condition as well as a tour of the open units. Note: This building has 3 addresses - 4260 & 4262 Michigan and 3119 Chariton and may appear like a 4 family and a 2 family but is all one parcel. Request your showing while we still have 1-2 units open for showing!
Listed by Real Broker LLC

PROPERTY DETAIL

  • Key Details

    Sold Price $347,400

    Property Type Multi-Family

    Sub Type Multi-Family 5+

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 7, 248 sqft

    Price per Sqft $47

    Subdivision Knapstein Add

    MLS Listing ID 22056704

    Sold Date 04/04/23

    Construction Status 95

    Year Built 1928

    Building Age 95

    Lot Size 5,101 Sqft

    Acres 0.1171

    Lot Dimensions 39 x 27

  • Location

    State MO

    County St Louis City

    Area South City

  • Building

    Sewer Public Sewer

    Water Public

    Structure Type Brick

    Construction Status 95

  • Interior

    Heating Forced Air

    Cooling Window Unit(s)

    Fireplace N

    Laundry Other

  • 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 Only, Conventional, Private

    Listing Terms Cash Only, Conventional, Private

    Special Listing Condition None

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