NOT LISTED FOR SALE

Estimated Value: $111,000 - $452,000

-- Bed
1 Bath
4,950 Sq Ft
$59/Sq Ft Est. Value

Last Sold April 18, 2023

Current estimated payment $1,698/month

46 Days on Market

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Brick or Stone Mason

About This Home

As of April 2023

Here is a wonderful opportunity to own 4 units! A large four family featuring 2 BR units located in the Historic Carondelet neighborhood and within walking distance to several desirable amenities: Upgraded YMCA Rec-Plex; Grocery & Retail Stores; Carondelet park with lake, trails and playgrounds; Great Rivers Greenway trails; locally-owned restaurants; and public transportation. The property underwent major renovations roughly 12 years ago with updates to major components (roof, plumbing, electrical, HVAC, kitchen, baths, etc.). All units are turn-key with eat-in kitchens, living room, in-unit laundry and fully electric systems. Due to their condition and amenities, these properties easily stay rented and offer a nice return on investment. The good news is that current rents are conservatively averaging around 5% below market creating an additional income opportunity for the future owner. This is a stable, cash-flowing investment that you’ll want to add to your portfolio!

Last Agent to Sell the Property

Riahna Kastner

St. Louis Real Estate Society License #2009001033 Listed on: 03/02/2023

Co-Listed By

Andrew Meirink

Real Broker LLC License #2020043148

Last Buyer's Agent

Jud Brooks

Dacey Realty, LLC License #2022026109

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,096

Year Built

  • Built in 1883

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick or Stone Mason

Interior Spaces

  • 4,950 Sq Ft Home
  • Ceiling Fan
  • Basement

Outdoor Features

  • Balcony

Schools

  • Woodward Elem. Elementary School
  • Lyon-Blow Middle School
  • Roosevelt High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Assessor Parcel Number 3018-00-0050-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,096

Year Built

Built in 1883

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: Loughborough
  • Municipality Township: St. Louis City
  • Age: 140
  • Ownership: Private
  • Year Built: 1883
  • Directions: Hwy 55 to Loughborough, Right on Michigan to Properties
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Balcony, Basement
  • Square Footage: 4950

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: Off Street

Utilities

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

Schools

  • Elementary School: Woodward Elem.
  • Junior High School: Lyon-Blow Middle
  • School District: St. Louis City
  • Senior High School: Roosevelt High

Lot Info

  • Lot Dimensions: 50x140
  • Lot Sq Ft: 7000
  • Acres: 0.1607

Rental Info

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

Multi Family

  • Units: 4
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 1819
  • Assessor Parcel Number: 3018-00-0050-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Apr 18, 2023
Sold by
1767 Investments Llc
Bought by
Bennett Alexzandria
Seller's Agent
Riahna Kastner
St. Louis Real Estate Society
Buyer's Agent
Jud Brooks
Dacey Realty, LLC
List Price
$374,900
Views
57
Current Estimated Value
$289,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.65%
Original Mortgage
$398,738
Outstanding Balance
$387,512
Interest Rate
6.73%
Mortgage Type
VA
Estimated Equity
-$97,845

Purchase Details

Closed on
Dec 20, 2019
Sold by
Integrity Investments St Louis Llc
Bought by
1767 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,551,250
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 29, 2017
Sold by
8000 Michigan Llc
Bought by
Integrity Investments St Louis Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,272,000
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 14, 2010
Sold by
Carondelet Holdings Llc
Bought by
8000 Michigan Llc

Purchase Details

Closed on
Nov 15, 2007
Sold by
Aheam Arthur L
Bought by
Carondelet Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
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
Bennett Alexzandria -- True Title
1767 Investments Llc $1,825,000 None Available
Integrity Investments St Louis Llc $1,590,000 Continental Title
8000 Michigan Llc -- None Available
Carondelet Holdings Llc -- Fa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bennett Alexzandria $398,738
Previous Owner 1767 Investments Llc $1,551,250
Previous Owner Integrity Investments St Louis Llc $1,272,000
Previous Owner Carondelet Holdings Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/18/2023 04/18/23 Sold -- -- --
03/14/2023 03/14/23 Price Changed $386,000 +3.0% $78 / Sq Ft
03/02/2023 03/02/23 For Sale $374,900 -- $76 / 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 $2,096 $52,370 $1,430 $50,940
2024 $1,994 $24,700 $1,430 $23,270
2023 $1,994 $24,700 $1,430 $23,270
2022 $1,819 $21,670 $1,430 $20,240
2021 $1,817 $21,670 $1,430 $20,240
2020 $1,266 $15,120 $2,380 $12,740
2019 $1,262 $15,120 $2,380 $12,740
2018 $1,301 $15,120 $2,380 $12,740
2017 $1,279 $15,120 $2,380 $12,740
2016 $1,295 $15,120 $2,380 $12,740
2015 $1,176 $15,120 $2,380 $12,740
2014 $1,175 $15,120 $2,380 $12,740
2013 -- $15,120 $2,380 $12,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23011536

MARIS MLS

APN: 3018-00-0050-1