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Key Details
Sold Price $248,000
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,340 sqft
Price per Sqft $74
Subdivision Phillips Add
MLS Listing ID 26008052
Sold Date 04/13/26
Style Apartment Style
Year Built 1927
Annual Tax Amount $1,334
Lot Size 4,512 Sqft
Acres 0.1036
Property Sub-Type 2-4 Units
Property Description
This 4-family features four nicely renovated 1/1 units with a living room, bedroom (two private, two walkthrough), attractive kitchen and bath, sunroom, LVP flooring, white wood trim, and neutral paint. The 3722 side features new electric wiring throughout, plumbing, windows, plus renovated kitchens, baths, flooring, paint, and light fixtures. 3720 2F features some new windows, new flooring, plus renovated kitchen and bath. 3720 1F was updated by the previous owner '21-'22 and received new flooring in '24. Basement houses laundry hookups, updated sewer lateral, new water heaters and furnaces ('21-'23), circuit breaker electric panels (new on 3722 side), pex water lines, and PVC waste stacks. Heat is forced air, cooling is window AC (2 per unit). TPO roof was installed in '22. See supplements for the detailed list - even the original stained glass has been restored! Parking is on-street. Units rent for 749, 799, 799 - plus a $60 utility billback (each). Plus 799 for the vacant unit, that's a gross annual income of 40,632. Less operating expenses of 12,124 (ask your agent for details in the supplements) = NOI of 28,508, a 10.18% cap rate at asking price. Use management? Add that in for your adjusted figures. Rentometer indicates rents could be even higher (see photos). Units are fully occupied and can be shown with an accepted offer, but basement and exterior can be viewed with an appointment. Photos are from before current tenants moved in, with the exception of 3722 1F (which are current). This is a turnkey operation, ready to be a solid addition to your portfolio! Inspection reports are available upon request, from your agent.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement Unfinished, Walk-Out Access
Interior
Heating Natural Gas
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Luxury Vinyl
Fireplace N
Laundry In Basement
Exterior
Parking Features false
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
Building
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Oak Hill Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Brittani Gardner-Evans
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