NOT LISTED FOR SALE

Estimated Value: $402,100 - $465,000

-- Bed
1 Bath
3,354 Sq Ft
$128/Sq Ft Est. Value

Last Sold October 06, 2023

Current estimated payment $2,376/month

29 Days on Market

Highlights

  • Brick or Stone Mason
  • Forced Air Heating and Cooling System
  • Secure Parking
  • Sigel Elementary Community Ed. Center Rated 10
  • Ceiling Fan
  • Fenced

About This Home

As of October 2023

Exceptional opportunity to own a fully renovated 4-unit building in the Benton Park West neighborhood. This updated property offers four spacious apartments, current rented units are $900 per month or more and former Airbnb (3302A) avg $1600/mo, making it a lucrative investment for income generation. The property offers gated parking, ensuring security and convenience for tenants. Every aspect of the building has been updated in 2019 (Electric, AC units, roof, plumbing, furnaces, and water line) providing peace of mind. Located one block north of vibrant Cherokee St., tenants will enjoy easy access to a variety of local amenities, including parks, shops, restaurants, and public transportation options. With four units renting at $900 or more per month and the airbnb averaging $1600/mo, this property presents an excellent investment opportunity, ensuring a steady and attractive rental income. The brand updates completed in 2019 provide a turnkey investment with minimal maintenance needs.

Last Agent to Sell the Property

Brittany Smith

Worth Clark Realty License #2021003941 Listed on: 08/02/2023

Worth Clark Realty

Last Buyer's Agent

Malinda Terreri

Terreri Team Realty LLC License #2016022991

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $740

Year Built

  • Built in 1909 | Remodeled

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 82x125
  • Fenced

Parking

  • Secure Parking

Home Design

  • Quadruplex
  • Brick or Stone Mason

Interior Spaces

  • 3,354 Sq Ft Home
  • Ceiling Fan
  • Laundry in unit
  • Basement

Schools

  • Froebel Elem. Elementary School
  • Long Middle Community Ed. Center
  • Roosevelt High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, water
  • Assessor Parcel Number 1514-00-0101-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$740

Year Built

Built in 1909 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: St. Louis City
  • Special Description: Renovated
  • Age: 114
  • Ownership: Private
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement, Fencing, Laundry Facl-Private
  • Square Footage: 3354

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: Security Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Ceiling Fan, Central-Electric
  • Heating: Forced Air

Schools

  • School District: St. Louis City
  • Elementary School: Froebel Elem.
  • Middle School: Long Middle Community Ed. Center
  • High School: Roosevelt High
  • Elementary School: Froebel Elem.
  • Junior High School: Long Middle Community Ed. Center
  • School District: St. Louis City
  • Senior High School: Roosevelt High

Lot Info

  • Lot Dimensions: 82x125
  • Lot Sq Ft: 6534
  • Acres: 0.1500

Rental Info

  • Tenancy Type: 1 or More Vacant, Leases
  • Tenant Pays: Cable TV/Satellite, Electric, Water

Multi Family

  • Gross Operating Income: 52200.00
  • Units: 4
  • Total Expenses: 2760.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 648
  • Assessor Parcel Number: 1514-00-0101-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2023
Closed on
Oct 2, 2023
Sold by
Aiyelokun Mayokun
Bought by
New Fresno Llc
Seller's Agent
Brittany Smith
Worth Clark Realty
Buyer's Agent
Malinda Terreri
Terreri Team Realty LLC
List Price
$450,000
Views
29
Current Estimated Value
$428,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.90%
Original Mortgage
$43,000
Outstanding Balance
$42,286
Interest Rate
7.23%
Estimated Equity
$347,946

Purchase Details

Closed on
Aug 26, 2019
Sold by
Torre Fernando De La
Bought by
Aiyelokun Mayokun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,653
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 23, 2019
Sold by
Land Reutilization Authority Of The City
Bought by
Aiyelokun Mayokun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,653
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 16, 1999
Sold by
Sandknop Thomas M and Sandknop Sharon E
Bought by
Caldwell William B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000
Interest Rate
7.02%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
New Fresno Llc -- Investors Title
Aiyelokun Mayokun $240,000 Continental Title Company
Aiyelokun Mayokun $1,220 None Available
Caldwell William B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Fresno Llc $43,000
Open New Fresno Llc $322,500
Previous Owner Aiyelokun Mayokun $28,668
Previous Owner Aiyelokun Mayokun $235,653
Previous Owner Caldwell William B $73,100
Previous Owner Caldwell William B $4,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold -- -- --
09/01/2023 09/01/23 Pending -- -- --
08/02/2023 08/02/23 For Sale $450,000 -- $134 / Sq Ft
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $740 $11,050 $2,210 $8,840
2024 $705 $8,510 $2,200 $6,310
2023 $705 $8,510 $2,200 $6,310
2022 $648 $7,500 $2,200 $5,300
2021 $647 $7,500 $2,200 $5,300
2020 $328 $4,010 $2,200 $1,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23046325

MARIS MLS

APN: 1514-00-0101-0