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Key Details
Sold Price $228,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 15,050 sqft
Price per Sqft $15
Subdivision Horton Place Add
MLS Listing ID MAR22004455
Sold Date 04/08/22
Construction Status 105
Year Built 1917
Building Age 105
Lot Size 8,538 Sqft
Acres 0.196
Lot Dimensions unknown
Property Sub-Type Multi-Family 5+
Property Description
15+ cap rate & super-affordable taxes! Over $300,000 in renovations already, 6 units & level lot in a great location - this is a no-brainer. 3 beds/2 baths in each unit, plus in-unit washer/dryer hookups, master bedroom suites, walk-in closets, 14-ft ceilings, bay windows & nearly 1,100 sqft per unit. The building is a short distance from WASHU, Delmar Loop, Forest Park & across the street from a community garden. Property is likely to rent anywhere from $1,200 - $1,400/mo per unit with the right finishing touches. Over $300k in improvements including, a new TPO roof (+50 year warranty), some new window & door installation (including bay windows), nearly completed new electrical, plumbing, & framing (including passed permit for framing). The current investor also cleaned out loads of trash from the full basement, added 6 parking spots to the rear of the building, installed a temporary power pole for ease of construction, & provided all the paid receipts & lien waivers.
Location
State MO
County St Louis City
Area Central West
Interior
Heating None
Cooling None
Fireplace N
Laundry Prvt Laund all units
Building
Sewer Not Connected
Water Public
Structure Type Brick Veneer
Construction Status 105
Schools
Elementary Schools Hamilton Elem. Community Ed.
Middle Schools Langston Middle
High Schools Sumner High
School District St. Louis City
Others
Ownership Private
Special Listing Condition Rehabbed, None
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Bought with Trevor Tune