NOT LISTED FOR SALE
8 Beds
-- Bath
8,892 Sq Ft
9,932 Sq Ft Lot

Last Sold August 16, 2022

6 Days on Market

Highlights

  • 0.23 Acre Lot
  • Forced Air Heating and Cooling System
  • Community Storage Space
  • Brick or Stone Mason
  • Ceiling Fan
  • 2-minute walk to Marquette Park

About This Home

As of August 2022

Looking to add a money maker to your real estate portfolio? Act fast, this is a perfect well kept Multifamily Investor Opportunity with low maintenance cost! Cap rate is 9.9% at list price and is sold separately to its sister building next door (4100 S Compton Ave) which could be sold as a package. There are 8 true 1 BR / 1 BA apartments (not shotgun style) approx. 1000 sq ft each. Rents range $550-600; rents are $150-$200 per unit below MV and can be raised at next renewal for each tenant. Street parking. Basement
storage unit and W/D hook up for each unit provided. Individual furnaces. Wood flooring and Ceramic tile in both kitchen & bath. Central air, Electric W/H; Gas furnaces. Poured foundation. Architectural roof with a 25 yr warranty installed 2018. Across the street from Marquette Park. Building is fully occupied except for one unit held vacant for showing. Property has been meticulously maintained. Submit offers on Special Sale Contract. Please do not disturb tenants.

Last Agent to Sell the Property

Anthony Binaei

Coldwell Banker Realty - Gundaker West Regional License #2021005056 Listed on: 05/28/2022

Coldwell Banker Realty - Gundaker West Regional

Last Buyer's Agent

Dean Eshelman

RE/MAX Best Choice License #1999138631

RE/MAX Best Choice

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 9,932 Sq Ft Lot
  • Lot Dimensions are 79 x 125

Parking

  • On-Street Parking

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 8,892 Sq Ft Home
  • Ceiling Fan
  • Drapes & Rods
  • Fire and Smoke Detector
  • Laundry in unit

Location

  • City Lot

Schools

  • Meramec Elem. Elementary School
  • Fanning Middle Community Ed.
  • Roosevelt High School

Utilities

  • Forced Air Heating and Cooling System
  • Wall Furnace
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Assessor Parcel Number 2630-00-0120-0

Community Details

Overview

  • 8 Units
  • Low-Rise Condominium

Amenities

  • Community Storage Space

Pet Policy

  • Pet Restriction

Property Details

Home Type

Apartment

Year Built

Built in 1948 | Remodeled

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Municipality Township: St. Louis City
  • Special Description: Renovated
  • Age: 74
  • Ownership: Private
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Items: Drapes/Blinds
  • Laundry: Lndry Connect all Un
  • Square Footage: 8892

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: On Street Parking

Utilities

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

Schools

  • School District: St. Louis City
  • Elementary School: Meramec Elem.
  • Middle School: Fanning Middle Community Ed.
  • High School: Roosevelt High
  • Elementary School: Meramec Elem.
  • Junior High School: Fanning Middle Community Ed.
  • School District: St. Louis City
  • Senior High School: Roosevelt High

Lot Info

  • Lot Dimensions: 79 x 125
  • Lot Sq Ft: 9932
  • Location: City
  • Acres: 0.2280

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Cable TV/Satellite, Electric, Gas

Multi Family

  • Building Info: No Units Furnished, Restriction-Pets, Smoke/Alarm Detector, Storage/Locker Area
  • Building Number: 1
  • Gross Operating Income: 56820.00
  • Total Units: 8
  • Total Expenses: 11500.00

Tax Info

  • Taxes Paid: 3387
  • Assessor Parcel Number: 2630-00-0120-0

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2022 08/16/22 Sold -- -- --
06/04/2022 06/04/22 Pending -- -- --
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS22034151

MARIS MLS

APN: 263000-01200