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Key Details
Sold Price $890,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 10,479 sqft
Price per Sqft $84
Subdivision St Louis Hills Add 04
MLS Listing ID 21035474
Sold Date 06/29/21
Construction Status 70
Year Built 1951
Building Age 70
Lot Size 0.326 Acres
Acres 0.326
Lot Dimensions 115x145x79x149
Property Description
Rare opportunity to purchase an updated 8-family building in the desirable St. Louis Hills area. This building is in incredible shape, featuring updated 1 bedroom 1 bath units. Units do not all share the same layout, but all have updated kitchens with hard top counters and newer appliances. 4 of the 8 have updated large bathrooms. The building has been very well maintained, with updated windows, and comprehensive updates to the systems feat. newer efficient furnaces, newer hot water heaters, updated water lines, updated electric, and updated plumbing. If you can think of it, it's probably already been addressed! Private parking lot in back. The property is currently fully rented, and the cash flow is strong - rents are $815/785/750(3)/740/735/700. Very easy to find great tenants and keep rented. New owner will take on a strong income producing building on day one, but there is still room to grow. Don't miss this opportunity to add a strong building to your portfolio.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Common Laundry
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 70
Schools
Elementary Schools Buder Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Peter Lu