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Key Details
Sold Price $155,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 3,340 sqft
Price per Sqft $46
Subdivision Phillips Add
MLS Listing ID 23019194
Sold Date 06/21/23
Construction Status 96
Year Built 1927
Building Age 96
Lot Size 5,018 Sqft
Acres 0.1152
Lot Dimensions 37.5x122
Property Description
This 4-family has some great improvements including a new roof, two water heaters, water supply lines, and two renovated units with plumbing and electric updates - all in 2022. There's also some value-add opportunity left for you; see supplements for details. Each unit has a LR, bedroom (two private, two walkthrough), bath, kitchen, sunroom, mostly hardwood floors, and original wood trim and doors. Heat is forced air and cooling is window AC. There are 2 mostly updated stacks (one new, one older) and circuit breaker panels. Renovated units are at $675 (moving soon) and $625 (just moved in). The other two units are ready for renocations and new tenants. Rentometer shows average rent at $690; top 25% is $733. With pro forma rents at $675, less current current expenses (see supplements for RPV), this yields an NOI of 19,504. The two vacant units are available to see; the other two are available w/accepted contract. A video of 3720 1F is available here: https://bit.ly/3GwICOC.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Wall/Window Unit(s), Ceiling Fan(s)
Fireplace N
Appliance Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s)
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 96
Schools
Elementary Schools Oak Hill Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Exchange, Private
Listing Terms Cash Only, Conventional, Exchange, Private
Special Listing Condition None
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Bought with Tammy Derrigan