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Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 2,958 sqft
Price per Sqft $92
Subdivision Grand Gravois Add
MLS Listing ID 25011978
Sold Date 04/10/25
Construction Status 83
Year Built 1942
Building Age 83
Lot Size 5,458 Sqft
Acres 0.1253
Lot Dimensions 35x156x35x156
Property Sub-Type Multi-Family 2-4
Property Description
Prime Investment Opportunity – Major Capital Expenses Already Covered! This 4-unit property offers a solid investment with new hot water tanks, new furnaces, updated electric panels, and some PVC plumbing—ensuring lower maintenance costs for years to come.
Currently, 3 of 4 units are occupied at $735/month, with reliable, on-time paying tenants who take great pride in their living spaces. Whether you're looking for an owner-occupant opportunity or a turnkey investment, this property has plenty of potential.
An HVAC upgrade to central air could boost rental income by $100-$125 per unit, and additional cosmetic updates would increase rents even further.
Schedule a showing today to tour the vacant unit!
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace N
Appliance Some Range Oven(s), Some Shower Bath(s), Some Window Treatment(s)
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 83
Schools
Elementary Schools Shenandoah Elem.
Middle Schools Lyon-Blow Middle
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, FHA
Listing Terms Cash Only, Conventional, FHA
Special Listing Condition No Exemptions, None
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Bought with Joseph Hostman