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Key Details
Sold Price $1,335,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 19,648 sqft
Price per Sqft $67
Subdivision Gravois Morganford Road Add
MLS Listing ID 26009714
Sold Date 04/17/26
Style Apartment Style
Year Built 1927
Annual Tax Amount $6,167
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type 5 Family or More
Property Description
Here is an opportunity to own a newly renovated solid brick building with long-term tenants. 16 1 Bedroom, 1 Bath units in 2 buildings. Sale includes 4219-21 Ellenwood (8 units) and 4223-25 Ellenwood (8 units). About 3/4th of the units are renovated and updated with newer bathrooms, kitchens, appliances etc. leaving some room for further renovations and upside. Units have hardwood floors, central heating and cooling, updated kitchens and baths. Property enjoys long-term happy tenants, steady and reliable cash flow with some leases going into 2027. Solid investment in a great rental area with upside potential. The property is conveniently located and walking distance from historic Bevo mill, bus stops, Southtown Centre, several restaurants, and establishments. Property is attractively priced at 8.5% CAP rate.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement Concrete
Interior
Interior Features Ceiling Fan(s), Dining/Living Room Combo
Heating Forced Air
Cooling Central Air
Flooring Ceramic Tile, Hardwood, Luxury Vinyl
Fireplace Y
Appliance Electric Range, Gas Range, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Courtyard, Lighting
Parking Features false
Fence Chain Link
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
Roof Type Flat
Private Pool false
Building
Lot Description City Lot, Level
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Buder Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
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Bought with Mike Shepherd
Nearby Schools & Businesses
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