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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,940 sqft
Price per Sqft $143
Subdivision Kingsbury Place
MLS Listing ID 21028799
Sold Date 07/19/21
Construction Status 109
Year Built 1912
Building Age 109
Lot Size 8,494 Sqft
Acres 0.195
Lot Dimensions 50x170
Property Description
Beautiful 6 unit building situated on a wide tree-lined street in DeBaliviere Neighborhood. Convenient location to the city, quick access to highways and steps away from Forest Park. Excellent opportunity for owner occupant or investor looking for a low risk investment. Quality building with 3 two-bedroom one bath units with extra office room and 3 units with one-bedroom one bath units with private decks off living room. See attachment showing the 2 floor plans. Each large and well-designed unit has all electric HVAC, electric water heater, wood burning fireplace and in unit washer and dryer. Four of the units have plank flooring and newer appliances. Renovated common halls freshly painted with new carpeting. Building has newer PVC plumbing and electric. Extra large back yard, private off-street parking. Roof 5 years old. Great investment with a competitive 5.77% cap rate. Rents for 4 of the units have not been raised in 9 years. If rents are raised to market rent, cap rate is 8.80%
Location
State MO
County St Louis City
Area Central West
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Prvt Laund all units
Exterior
Amenities Available Some Balc/Some Terrc
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 109
Schools
Elementary Schools Ford-Ford Br. Elem. Comm. Ed.
Middle Schools Langston Middle
High Schools Sumner 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 Megan Rosenkoetter