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Key Details
Sold Price $276,000
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,862 sqft
Price per Sqft $96
Subdivision Morrison Peugnets Add
MLS Listing ID 23054475
Sold Date 11/17/23
Year Built 1913
Annual Tax Amount $2,056
Lot Size 4,308 Sqft
Acres 0.099
Lot Dimensions 32ft x140 Ft
Property Sub-Type 2-4 Units
Property Description
I have uploaded roof photos in the supplements received on 9/21 at 12:30 PM. This 2-family flat is in a prime location, just off Tower Grove Park & offers access to the neighborhood's green spaces, recreation & amenities. Proximity to the MOBO, restaurants, shops & universities Wash U. & SLU... could attract students, faculty, and staff seeking convenient housing options. The two 3-bedroom, 1-bath units will likely draw tenants seeking comfortable living spaces in a desirable location: historical character, pocket doors, wood floors, original woodwork, and off-street parking. The property is positioned as a great investment opportunity. The favorable cap rate indicates a potentially strong return on investment with gross rents of ~$31,200 per year! The property is being sold in "as is" condition. While this might mean potential maintenance or renovation needs, it could also provide an opportunity for investors to add value through improvements.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Interior Features High Speed Internet
Heating Forced Air, Radiant, Natural Gas
Cooling Wall/Window Unit(s), Ceiling Fan(s), Electric, Gas, Central Air
Fireplace N
Appliance Gas Water Heater
Laundry In Unit
Exterior
Parking Features false
Fence Fenced
Amenities Available Storage
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Mann Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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Bought with JohnAEngelbach
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