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Key Details
Sold Price $1,475,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 7,680 sqft
Price per Sqft $192
Subdivision Allens/Russell
MLS Listing ID MIS23006944
Sold Date 03/31/23
Year Built 1901
Lot Size 3,999 Sqft
Acres 0.092
Property Sub-Type 5 Family or More
Property Description
This 10 unit trophy asset is located in the heart of Soualrd and at the center of St. Louis's world famous Mardi Gras.
Most units have been beautifully renovated within the last year and occupancy is currently at 100%.
The property currently brings in over $10,000/m in income and most rents are under market value.
All 10 units could be used as short-term-rentals to maximize income (there are zero hotels in Soulard).
Soulard is popular among St Louis University students, Anheuser-Busch employees, people that work downtown and the entire younger demographic that enjoys A+ walkability and nightlife.
Soulard is booming with tons of development activity, almost no commercial vacancies + still has all of the famous bars and restaurants everyone loves.
Dukes bar is directly catty-corner and has a shuttle that goes to & from every Blues + Cardinals game (~5 min drive).
The unit mix includes one 2b2b, two 2b1.5b, one 1.5b1b, four 1b1b, two studios.
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Natural Gas, Forced Air
Cooling Electric, Gas, Central Air
Fireplace N
Appliance Gas Water Heater
Laundry Common Area, In Unit
Exterior
Parking Features false
Amenities Available Recreation Facilities
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Stone Veneer,Brick Veneer
Schools
Elementary Schools Sigel Elem. Comm. Ed. Center
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Special Listing Condition Standard
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