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Lynne Hart

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

$374,900

Est. payment - /mo

3,200 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $117

Subdivision Christy Southampton Add

MLS Listing ID 26021432

Style Craftsman

Year Built 1925

Annual Tax Amount $3,500

Lot Size 4,730 Sqft

Acres 0.1086

Property Sub-Type 2-4 Units

Property Description

Welcome to 5247 Bancroft! A 3200 sq. ft. cash-flowing 4-Family apartment building located in the desirable South Hampton Neighborhood! Perfectly situated on a quiet tree-lined street. Long-term Tenants love living here on the peaceful side of the city. Close proximity to all the restaurants, parks, shopping and nightlife - but not too close! Make money from day one with $40,380 GOI / annual rent collection! Earning a 7.87% Cap rate after landlord expenses at current below market rents, with lots of room to grow! A perfect choice for owner occupant to live in the larger (month to month) unit and collect the rent! Turn-key investment property for landlords looking to grow passive their income in a premier location with friendly tenants that pay on time! 4 Easy-to-rent units, 3 featuring 4 rooms / walk-thru layout on the standard units (Living room, Bedroom, Dining area, and Kitchen) 1 bed/1 bath approximately 710 sq ft each, and one larger 2 bedroom 1 and 1/2 bathroom unit with 2 levels and in-unit laundry. The Larger unit has the same main-floor plan with a spiral staircase to the additional lower level bedroom, den, laundry and 1/2 bath! Out back there is deck space and parking spaces for each apartment. The character and charm is preserved including many stained glass windows and hardwood floors throughout the building. Get owner peace-of-mind with upgrades throughout including; modern central heat and A/C , updated PVC plumbing & copper water main service, romex wiring and circuit breaker panels, upgraded outside meter base and main electric service, newer commercial grade TPO roof and gutters. Don't delay! Now is the time to invest in your future with an income-producing property!

Location

State MO

County St Louis City

Area 3 - South City

Rooms

Basement Bathroom, Partially Finished, Full

Interior

Heating Forced Air

Cooling Central Air

Flooring Ceramic Tile, Hardwood

Fireplace N

Appliance Dishwasher, Microwave, Range, Refrigerator, Washer/Dryer

Laundry In Basement, In Unit

Exterior

Fence Back Yard

View Y/N No

Building

Water Public

Structure Type Brick,Concrete

Schools

Elementary Schools Buder Elem.

Middle Schools Long Middle Community Ed. Center

High Schools Roosevelt High

School District St. Louis City

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Private, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Private, VA Loan

Special Listing Condition Standard

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Listed by Sara Blandino • Realty Exchange

Nearby School & Business

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Lynne Hart

+1(314) 324-6907

Agent | License ID: 2015021561

Agent License ID: 2015021561

5247 Bancroft AVE St Louis, MO 63109

Lynne Hart

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information