UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,480 sqft
Price per Sqft $134
MLS Listing ID 26059180
Style Apartment Style
Year Built 1887
Annual Tax Amount $236
Lot Size 3,179 Sqft
Acres 0.073
Property Sub-Type 2-4 Units
Property Description
Asking Price: $333,000
Four-Plex Apartment Complex in South St. Louis City. All four units rented until next spring/summer with automatic rent increases in place. Low-maintenance building with brand new water heaters, new paint, a/c window units (no central air to worry about) and ADA ramp for easy access.
Utilities are direct-billed to tenants. Great cash-flow!
Unit 1 - $895
Unit 2 - $895
Unit 3 - $895
Unit 4 - $850
NOI is $34k with cap rate of 11%.
DSCR Loans are perfect for this property! Ask for lender recommendations!
Owner is also a licensed salesperson.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement 8 ft + Pour
Interior
Heating Natural Gas
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N No
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Froebel Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional, FHA, Owner Will Carry, Seller Financing
Listing Terms Cash, Conventional, FHA, Owner Will Carry, Seller Financing
Special Listing Condition Standard
Nearby School & Business
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