NOT LISTED FOR SALE

Estimated Value: $499,000 - $559,707

-- Bed
4 Baths
4,098 Sq Ft
$129/Sq Ft Est. Value

Last Sold May 01, 2023

Current estimated payment $3,110/month

20 Days on Market

About This Home

As of May 2023

This 4unit Multifamily building features four 2bed1bath floorplans, all with the same spacious layout. There are 4 GARAGE PARKING spaces plus each unit has its own additional storage closet plus each unit has laundry hookups! Located in beautiful Lindenwood Park, not only are you right next to Francis Park but you are also walking distance to Target, Schnucks, Club Fitness, Chipotle and many other great businesses, plus not to mention great highway access. All four of the units are rented for $975/m, far under market rent. RentOMeter shows that the average rent for a 2b1b in the area is $1430/m and the 75th percentile is up to $1625/m. You can increase rents as-is or renovate all 4 units and add a tremendous amount of value/ equity + raise rents significantly. The units are all in great shape and the building has been cared for immaculately. All units are currently occupied (leases end in September) and you must have an accepted contract to view.

Last Agent to Sell the Property

Anthony Klier

The Agency License #2022012991 Listed on: 04/10/2023

The Agency

Last Buyer's Agent

Anthony Klier

The Agency License #2022012991 Listed on: 04/10/2023

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,183

Year Built

  • Built in 1962

Lot Details

  • 4,944 Sq Ft Lot
  • Lot Dimensions are 41 x 120

Parking

  • Attached Garage

Home Design

  • Quadruplex

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, gas
  • Assessor Parcel Number 6453-00-0630-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,183

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: St. Louis City
  • Age: 61
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage Unknown: Yes

Garage/Parking

  • Parking: 3-4 Car Attached Grg

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

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

Lot Info

  • Lot Dimensions: 41 x 120
  • Lot Sq Ft: 4944
  • Acres: 0.1135

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Operating Income: 46800.00
  • Units: 4
  • Total Expenses: 9360.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 3639
  • Assessor Parcel Number: 6453-00-0630-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2023
Sold by
L & A Lindenwood Llc
Bought by
L & A Lindenwood Llc
Current Estimated Value
$527,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,037,000
Outstanding Balance
$13,777,240
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
-$13,249,813

Purchase Details

Listed on
Apr 10, 2023
Closed on
May 1, 2023
Sold by
Debrecht Capital Llc
Bought by
L & A Lindenwood Llc
Seller's Agent
Anthony Klier
The Agency
Buyer's Agent
Anthony Klier
The Agency
List Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.17%

Purchase Details

Listed on
Jun 21, 2022
Closed on
Jul 26, 2022
Sold by
Thomas Michael Lauher Revocable Living T
Bought by
Debrecht Capital Llc
Seller's Agent
Tara Hacker
Garcia Properties
Buyer's Agent
Anthony Klier
The Agency
List Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.14%
Original Mortgage
$330,375
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2021
Sold by
Lauher Thomas M
Bought by
Thomas Michael Lauher Revocable Living T and Lauher

Purchase Details

Closed on
Oct 9, 2002
Sold by
The Bank Of Edwardsville
Bought by
Lauher Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,117
Interest Rate
5.89%
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
L & A Lindenwood Llc -- None Listed On Document
L & A Lindenwood Llc -- None Listed On Document
Debrecht Capital Llc -- None Listed On Document
Thomas Michael Lauher Revocable Living T -- None Listed On Document
Lauher Thomas Michael -- None Available
Lauher Thomas M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open L & A Lindenwood Llc $14,037,000
Previous Owner Debrecht Capital Llc $330,375
Previous Owner Lauher Thomas M $287,117
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2023 05/01/23 Sold -- -- --
05/01/2023 05/01/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $500,000 +17.6% $122 / Sq Ft
07/26/2022 07/26/22 Sold -- -- -- View Prior Sale
06/27/2022 06/27/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $425,000 -- $104 / 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 $4,183 $61,080 $3,900 $57,180
2024 $4,183 $61,080 $3,900 $57,180
2023 $3,979 $49,640 $3,900 $45,740
2022 $3,639 $43,680 $3,900 $39,780
2021 $3,633 $43,680 $3,900 $39,780
2020 $3,605 $43,680 $3,900 $39,780
2019 $3,593 $43,690 $3,900 $39,790
2018 $3,341 $39,350 $3,520 $35,830
2017 $3,284 $39,350 $3,520 $35,830
2016 $3,174 $37,530 $3,520 $34,010
2015 $2,876 $37,530 $3,520 $34,010
2014 $2,828 $37,530 $3,520 $34,010
2013 -- $36,920 $3,520 $33,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23018462

MARIS MLS

APN: 6453-00-0630-0