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Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 88,925 sqft
Price per Sqft $5
Subdivision City Commons Add
MLS Listing ID 22034184
Sold Date 08/16/22
Year Built 1948
Lot Size 9,932 Sqft
Acres 0.228
Lot Dimensions 79 x 124
Property Sub-Type 5 Family or More
Property Description
Looking to add a money maker to your real estate portfolio? Act fast, this is a perfect well kept Multifamily Investor Opportunity with low maintenance cost! Cap rate is 10.1% at list price and is sold separately to its sister building next door (3130 Gasconade st.) which could be sold as a package. There are 8 true 1 BR / 1 BA apartments (not shotgun style) approx. 1000 sq ft each. Rents range $550-650; rents are $150-$200 per unit below MV and can be raised at next renewal for each tenant. Street parking. Basement storage unit and W/D hook up for each unit provided. Individual furnaces. Wood flooring and Ceramic tile in both kitchen & bath. Central air, Electric W/H; Gas furnaces. Poured foundation. Architectural roof with a 25 yr warranty installed 2018. Across the street
from Marquette Park. Building is fully occupied except for one unit held vacant for showing. Property has been meticulously maintained. Submit offers on Special Sale Contract. Please do not disturb tenants.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Heating Electric, Natural Gas, Forced Air, Varies by Unit
Cooling Ceiling Fan(s), Central Air, Electric
Fireplace N
Appliance Electric Water Heater
Laundry Washer Hookup, In Unit
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Architectural Style Low/1-2
Structure Type Brick
Schools
Elementary Schools Meramec Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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