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Lynne Hart

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

$320,000

Est. payment - /mo

3,128 SqFt

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Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,128 sqft

Price per Sqft $102

Subdivision Grand Gravois Park

MLS Listing ID 26031939

Style Historic

Year Built 1939

Annual Tax Amount $2,893

Lot Size 5,719 Sqft

Acres 0.1313

Property Sub-Type 2-4 Units

Property Description

Excellent opportunity to add to your portfolio or jump into multifamily investing with this solid all brick 4 family in the heart of South St. Louis! Currently generating strong in place income with rents of $750, $750, $750, and $699 per month, offering immediate cash flow from day one. One is rent paid for BJC and another is paid by DePaul, so your rent is guaranteed. They have agreed to a rental increase of $750 per month if lease is renewed. Recent capital improvements include all new water heaters, and sewer lateral repairs helping reduce future maintenance expenses and improve long-term stability for a new owner. This pitched roof offers low maintenance and is hard to find on 4 families! The property also features a valuable rear parking pad, a highly desirable amenity for tenants in the area. Spacious units with classic South City charm, and strong rental demand make this a great fit for both seasoned investors and house hackers looking to offset their mortgage with rental income. Live in one unit while the others help pay the bills, or add a stabilized multifamily asset to your portfolio. Conveniently located near Civil Life Brewery, Friendly's, and super accessible to everything South City has to offer! Whether you're looking for steady cash flow, long-term appreciation, or an owner-occupant investment strategy, this property checks all the boxes! This four family is now fully occupied so we are showing with an accepted contract.

Location

State MO

County St Louis City

Area 3 - South City

Rooms

Basement Unfinished

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air, Natural Gas

Cooling Ceiling Fan(s), Central Air, Wall/Window Unit(s)

Flooring Hardwood

Fireplace Y

Appliance Gas Oven, Refrigerator

Laundry In Basement

Exterior

Parking Features false

Fence Chain Link

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

View Y/N No

Roof Type Architectural Shingle,Pitched/Sloped

Private Pool false

Building

Lot Description Level

Story 2

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Oak Hill 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

Virtual Tour https://www.youtube.com/watch?v=8OC4Lmo16gA&t=4s

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Listed by Brian Miller • Mogul Realty

Nearby School & Business

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Lynne Hart

+1(314) 324-6907

Agent | License ID: 2015021561

Agent License ID: 2015021561

3914 Chippewa ST St Louis, MO 63116

Lynne Hart

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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