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Lynne Hart

lynne@saintlouisrealestate.co +1(314) 324-6907

$289,900

Est. payment - /mo

3,780 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,780 sqft

Price per Sqft $76

Subdivision City Commons 03

MLS Listing ID 26025378

Style Traditional

Year Built 1909

Annual Tax Amount $443

Lot Size 5,588 Sqft

Acres 0.1283

Property Sub-Type 2-4 Units

Property Description

Here's your opportunity to house-hack and reduce your living expenses or add a massive duplex to your rental portfolio. This 3,780 sf property features two spacious 4-bed/2-bath townhouse-style units. Gross potential income of $3,270/mo is in line with 4-family properties of similar size, but with less tenants and less management complexity. 3304 is leased at $1,635/mo and 3306 is vacant, giving buyer the flexibility to occupy or rent for additional income. With both units leased, it delivers an estimated 9.5% cap rate and a strong 14.5% cash-on-cash return, making it an attractive investment. Both units feature central a/c and in-unit laundry hookups. Many updates including: a new elastomeric roof coating, sewer lateral replacements on both sides, newer electrical panels, new carpeting on each second floor, new vinyl plank in 3306, some new cabinets and appliances, updated baths, new decking, and fresh paint throughout. Unit 3306 and each basement are available for immediate showings. 3304 will be available to view with accepted contract.

Location

State MO

County St Louis City

Area 2 - Central East

Rooms

Basement Exterior Entry, Unfinished, Walk-Out Access

Interior

Interior Features Ceiling Fan(s), Eat-in Kitchen, Shower, Storage, Walk-In Pantry

Heating Forced Air

Cooling Central Air

Flooring Carpet, Vinyl

Fireplace Y

Appliance Stainless Steel Appliance(s), Microwave, Electric Oven, Refrigerator, Water Heater

Laundry Main Level, In Unit

Exterior

Exterior Feature Entry Steps/Stairs, Private Entrance, Rain Gutters

Parking Features false

Fence Partial

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Elastomeric,Flat

Building

Lot Description Back Yard, City Lot

Story 2

Water Public

Level or Stories Two

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

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Eric Schultz • Tower Real Estate Group

Nearby School & Business

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Lynne Hart

+1(314) 324-6907

Agent | License ID: 2015021561

Agent License ID: 2015021561

3304-3306 Keokuk ST St Louis, MO 63118

Lynne Hart

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information