$80,000
SOLD FEB 18, 2025
Last list price
4 Beds
2 Baths
2,476 Sq Ft
4,051 Sq Ft Lot

Recently Sold

$32 Per Sq Ft

39 Days on Market

Highlights

  • Detached Garage
  • Forced Air Heating System
  • Washer and Dryer
  • Cooling Available
  • Ceiling Fan

About This Home

As of February 2025

Don’t miss this fantastic opportunity to own a cash-flowing 2-family rental property! Each unit features 2 bedrooms and 1 bathroom, with tenants currently paying $725/month, generating a total annual occupancy income of $17,400. This property has a strong cap rate of almost 9%, making it a great addition to any investor’s portfolio. Conveniently located near shopping, schools, and transportation, this property is in a desirable rental market with consistent tenant demand. Please DO NOT DISTURB TENANTS. Property to be shown with accepted contract.

Last Agent to Sell the Property

Nick McGeehon

Real Broker LLC License #2019021144 Listed on: 12/05/2024

Real Broker LLC

Last Buyer's Agent

Jeffrey Brown

New Growth Realty LLC License #2022023330

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $451

Year Built

  • Built in 1926

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,476 Sq Ft Home
  • Ceiling Fan
  • Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Detached Garage
  • No Driveway
  • Off-Street Parking

Schools

  • Lexington Elem. Elementary School
  • Langston Middle School
  • Beaumont Cte High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Community Details

  • Net Operating Income $15,598

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5931-00-0350-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$451

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Cross Street: Belt Ave. & Natural Bridge
  • Year Built: 1926
  • Property Sub-Type: Multi-Family 2-4
  • Co List Office Phone: 5203099
  • Subdivision Name: Mars Place Addn
  • Above Grade Finished Sq Ft: 2476
  • Age: 99
  • PropaneTank: None
  • Total Expenses: 1802.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Some Dishwasher(s), Some Disposal(s), Some Insulated Window(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s), Some Storm Door(s), Some Storm Window(s), Washer/Dryer, Some Window Treatment(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Lead Base Paint Addendum, Seller Disclosure, City, Occupancy Perm Req, Sellers Discl. Avail
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached Garage - 1-2 Car, Covered, Off Street
  • Driveway: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Lexington Elem.
  • Junior High Dist: St. Louis City
  • High School: Beaumont Cte High School
  • Middle Or Junior School: Langston Middle

Lot Info

  • Lot Dimensions: 35
  • Parcel Number: 5931-00-0350-0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Lease Term: Leases

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 451
  • Prop Asses Cty Tx: 0

Multi Family

  • Net Operating Income: 15598
  • Type Of Units: 2-Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2024
Closed on
Feb 6, 2025
Sold by
Coleman Darnell
Bought by
Khan Asif
Seller's Agent
Nick McGeehon
Real Broker LLC
Buyer's Agent
Jeffrey Brown
New Growth Realty LLC
List Price
$80,000
Views
53
Current Estimated Value
$81,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.64%
Original Mortgage
$64,000
Outstanding Balance
$63,629
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$18,354

Purchase Details

Listed on
Jan 30, 2015
Closed on
Mar 12, 2015
Sold by
Lucien Jean Claude and Lucien Silviana P
Bought by
Coleman Darnell
Seller's Agent
Don Arling
Epique Realty
Buyer's Agent
Ronald Mason
Coldwell Banker Premier Group
List Price
$49,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$30,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2007
Sold by
Hud
Bought by
Lucien Jean Claude

Purchase Details

Closed on
Jul 19, 2006
Sold by
Gmac Mortgage Corp
Bought by
Hud

Purchase Details

Closed on
May 3, 2006
Sold by
Sherrod David L
Bought by
Gmac Mortgage Corp

Purchase Details

Closed on
Aug 7, 1998
Sold by
Impact Operation
Bought by
Sherrod David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,697
Interest Rate
6.95%
Mortgage Type
FHA

Purchase Details

Closed on
May 22, 1998
Sold by
Impact Operation
Bought by
Land Reutilization Authority City St Lou

Purchase Details

Closed on
Jun 10, 1997
Sold by
Land Reutilization Authority
Bought by
Impact Operation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,300
Interest Rate
7.92%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- Continental Title
Warranty Deed -- None Available
Special Warranty Deed -- Fa
Special Warranty Deed -- None Available
Trustee Deed $60,292 None Available
Warranty Deed -- --
Corporate Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $64,000 New Conventional
Previous Owner $30,000 New Conventional
Previous Owner $56,697 FHA
Previous Owner $49,300 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2025 02/18/25 Sold -- -- --
01/13/2025 01/13/25 Pending -- -- --
12/05/2024 12/05/24 For Sale $80,000 +60.3% $32 / Sq Ft
11/20/2024 11/20/24 Off Market -- -- --
03/13/2015 03/13/15 Sold -- -- -- View Prior Sale
03/13/2015 03/13/15 For Sale $49,900 -- $20 / Sq Ft
02/09/2015 02/09/15 Pending -- -- --
Source: MARIS MLS

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 $472 $5,510 $230 $5,280
2024 $451 $5,310 $230 $5,080
2023 $451 $5,310 $230 $5,080
2022 $459 $5,210 $230 $4,980
2021 $458 $5,210 $230 $4,980
2020 $447 $5,110 $230 $4,880
2019 $445 $5,110 $230 $4,880
2018 $596 $6,750 $230 $6,520
2017 $587 $6,750 $230 $6,520
2016 $431 $4,810 $490 $4,310
2015 $393 $4,800 $490 $4,310
2014 $512 $5,940 $490 $5,450
2013 -- $6,380 $490 $5,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS24072453

MARIS MLS

APN: 5931-00-0350-0