11,972 SqFt
11,972 SqFt
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 11,972 sqft
Price per Sqft $20
Subdivision Kraft Add
MLS Listing ID 26000284
Style Apartment Style,Colonial,Historic,Traditional
Year Built 1850
Annual Tax Amount $1,374
Lot Size 4,765 Sqft
Acres 0.1094
Property Sub-Type 2-4 Units
Property Description
OUTDOOR/AREA: Fresh-looking sidewalks extend along the entire front of the building. There is plenty of paved parking in the back for daycare workers, residential tenants, and clients of the daycare to go in and out throughout the day with a wide parking lane immediately in front of the building along the sidewalk. The north building entrance is gated with secure access and a play area for the daycare. The neighboring businesses are some of the local favorites, including Events on Broadway (www.eventsonbroadwaystl.com), the iconic Laundry Detergent (AKA the SOAP SHOP), City Wide Convenience Store, Me-N-U Barber Shop & Beauty Salon, resale stores, a brewery, and more. The nearest park with a playground is less than 1 mile, and Busche Park, housed alongside the historically significant Bellefontaine Cemetery and Arboretum is only 0.6 miles away, providing immediate convenience to everything. It's a quick, easy 5-minute drive to I-70 or an 8-minute drive to I-270 via Lewis & Clark/367.
MAIN LEVEL: The main level has two units combined into one and is currently leased by a daycare facility at $1,700 monthly rate on a *gross lease* with rent increases scheduled by contract to $1,802 on 6/1/2026 and to $1,910.12 on 6/1/2027. Tenant pays all repairs on this unit and for all utilities, including water, sewer, power, trash, etc. for the commercial gross lease. Daycare was fully renovated less than 10 years ago.
2ND LEVEL: There are two (2) 2-bedroom/1 bath units, 1 with in-unit laundry; the other without. Unit A has been month to month at $750/month since lease expiration on 12/31/2024. All utilities are covered by tenant. Unit B has been month to month at $650/month since lease expiration on 6/1/2023. All utilities are covered by the tenant. Great tenants are in place, but leases are expired for buyer flexibility.
OPTIONAL VALUE-ADDS: There is strong rental demand in the area, and a 2-bedroom unit brings $1,090 on Section 8 in the zip code. Residential units could be upgraded to raise rent significantly. Otherwise, you can sit back and relax while your building appreciates and produces solid returns year after year. Shown only with an accepted contract. Call for appointment. Please do not disturb the tenants. Property is being sold as-is. For anyone wishing to house hack, you could take your pick of either 2 bedroom, 1 bath unit and let the other two tenants cover your living expenses. Win-Win for everyone!
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Full
Interior
Cooling Central Air
Fireplace N
Exterior
Parking Features false
View Y/N No
Private Pool false
Building
Level or Stories Three Or More
Structure Type Brick
Schools
Elementary Schools Earl Nance Sr. Elem.
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, Other, Private, Private Financing Available
Listing Terms 1031 Exchange, Cash, Conventional, Other, Private, Private Financing Available
Special Listing Condition Standard
Real Estate Advisor | License ID: 2004026979
+1(314) 817-8178 | julie@lovethelou.homes