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Key Details
Sold Price $515,775
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 4,114 sqft
Price per Sqft $125
Subdivision Reber
MLS Listing ID MAR21002373
Sold Date 03/30/21
Construction Status 97
Year Built 1924
Building Age 97
Lot Size 7,492 Sqft
Acres 0.172
Lot Dimensions 41 x 184
Property Sub-Type Multi-Family 2-4
Property Description
Renovated 4 family steps from Tower Grove Park. Building is 4,114 sq ft not including enclosed bonus rooms. Units are 1,000+ sq ft and feature central HVAC, hardwood floors, stained glass and newer vinyl windows, recently updated kitchens with high end kitchen cabinets, updated tile floors and countertops, dishwashers, original wood built in cabinets and a breakfast bar. Bathrooms are all completely updated with new shower surrounds, flooring, vanity, toilet, etc. Building has a recently replaced pitched roof, updated plumbing with PVC stacks, recently replaced siding on the bonus rooms. Furnaces, water heaters, condensers were replaced. Roof is approximately 4 years old. Rents are $1,000, $975, $975 and tenant moving in for $1,030. If fully rented this building rents for $3,980 a month which is $47,760 annually with annual expenses at $8,007. If fully rented the annual net income would be $39,753 which would be a 7.5% cap rate. There was only 3 weeks of total vacancy in 2020.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Gas
Fireplace N
Appliance Some Dishwasher(s), Some Refrigerator(s), Some Range Oven(s), Washer/Dryer
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Construction Status 97
Schools
Elementary Schools Mason Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Special Listing Condition Rehabbed, Renovated, None
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