For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $470,000
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,056 sqft
Price per Sqft $153
Subdivision Laclede Race Course Sub
MLS Listing ID 23035017
Sold Date 08/10/23
Year Built 1889
Lot Size 2,500 Sqft
Acres 0.057
Lot Dimensions 60' x 42'
Property Sub-Type 2-4 Units
Property Description
Large 3 family is located in The Grove in close proximity to Forest Park, Barnes Jewish Medical Complex, Washington University School Of Medicine, St. Louis University, Cortex, University Of Health Science And Pharmacy In St. Louis, The Central West End, Botanical Gardens and Tower Grove Park. Built in 1889, the building consists of one 3 bedroom unit and two 2 bedroom units for a total of 7 bedrooms. The 3 bedroom is located on the first level and the two bedroom units are upstairs. There is the potential to add value and raise rents in the future - these units rented at market rates could yield $61,392 of gross rental income annually based on average rent price of $1,658 for 2 beds and $1,798 for 3 bedrooms. Units have updated kitchens and baths, central air conditioning, updated plumbing and electric, hardwood floors and updated lighting. There is common laundry room. Would be ideal for an investor or owner-occupant where you could live in one unit. Seller is a licensee in Missouri.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Heating Forced Air, Natural Gas
Cooling Gas, Central Air
Fireplace N
Appliance Gas Water Heater
Laundry Common Area
Exterior
Parking Features false
Amenities Available Storage
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Adams Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Vashon High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional, Private Financing Available, VA Loan, Other
Listing Terms Cash, Conventional, Private Financing Available, VA Loan, Other
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP