3,412 SqFt
3,412 SqFt
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,412 sqft
Price per Sqft $29
Subdivision St Louis U Tr Add
MLS Listing ID 26019708
Style Traditional
Year Built 1916
Annual Tax Amount $245
Lot Size 4,321 Sqft
Acres 0.0992
Property Sub-Type 2-4 Units
Property Description
Three Units Are Currently Tenant-Occupied With Long-Term Residents On Month-To-Month Agreements Paying $425 Per Month, Providing Consistent Cash Flow With The Flexibility To Adjust Rents To Market Rates. One First-Floor Unit Is Vacant And Available For Showings, Presenting An Excellent Opportunity For Immediate Value-Add Through Renovation And Lease-Up.
The First-Floor Units Are Serviced By Forced Air Systems, While The Second-Floor Units Utilize Baseboard Heat, Offering A Diverse Mechanical Setup With Potential For Future Efficiency Improvements. The Property's Solid Brick Construction Reflects Early 20th Century Craftsmanship With Strong Structural Integrity.
This Asset Is Ideal For Investors Seeking A Value-Add Opportunity With Significant Rental Upside. With Below-Market Rents In Place And Month-To-Month Tenancies, Investors Can Strategically Increase Income While Enhancing Property Condition Over Time.
Whether You Are Looking To Expand Your Portfolio Or Execute A Renovation And Reposition Strategy, This Property Offers A Compelling Combination Of Current Income, Operational Flexibility, And Long-Term Appreciation Potential. Call Your Full Time Realtor For Questions Or To Schedule Your Showing Today!
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Full
Interior
Heating Baseboard, Electric, Forced Air, Natural Gas
Cooling Wall/Window Unit(s), Window Unit(s)
Fireplace N
Laundry In Basement
Exterior
Exterior Feature Balcony
Parking Features false
Fence Chain Link
Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
Roof Type Flat
Private Pool false
Building
Lot Description Corner Lot
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Bryan Hill Elem.
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Schools and Properties Nearby
Real Estate Advisor | License ID: 2004026979
+1(314) 817-8178 | julie@lovethelou.homes