$750,000

Estimated payment $4,688/month

Total Views 120,884
1 Bed
1 Bath
9,632 Sq Ft
$78 Price per Sq Ft

Highlights

  • 0.56 Acre Lot
  • Brick Veneer
  • Forced Air Heating and Cooling System
  • Balcony

About This Home

All 18 units in 2 turnkey buildings are occupied & generating excellent cashflow - 2024 NOI was $100,000+++. Plus, there is an opportunity to make this 18-unit into a 24-unit if desired! The (4) 4-bed / 2 ba units could easily be reconverted back into 8 units, plus 2 units could be recreated in the lower level to make 24 units, as originally designed. Gated complex w/ parking. New roofs on both buildings. New sewer lateral line. Units have already been renovated but could be made even nicer for higher rents. There was a small fire a couple years ago that affected 2 units; both have been fully remedied and renovated. Contractor bids for ~ $450,000 to add storage lockers & 2 coin laundry rooms (in each building's lower level) to increase cashflow, completely remodel units, update some mechanicals, convert (4) 4-beds back to 8 units & add 2 units in lower level. All of that could be deferred or entirely skipped. The options are endless. Slam dunk on cashflow. Owner selling due to living out of state. Landlord pays trash, water & sewer. Tenants pay power.

Listing Agent

Julie Carter

Worth Clark Realty License #2023023218 Listed on: 05/02/2025

Worth Clark Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,210

Year Built

  • Built in 1964

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 201x121

Home Design

  • 9,632 Sq Ft Home
  • Brick Veneer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • On-Street Parking
  • Parking Lot
  • Unassigned Parking

Outdoor Features

  • Balcony

Schools

  • Herzog Elem. Elementary School
  • Yeatman-Liddell Middle School
  • Vashon High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4293-00-0050-0

Community Details

Overview

  • 2 Buildings
  • 18 Units

Building Details

  • Net Operating Income $122,133

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,210

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Cross Street: Doddridge
  • Year Built: 1964
  • ResoLaundryFeatures: Common Area, Washer Hookup
  • Lot Size Acres: 0.5568
  • Total Gross Income: 225000
  • Co List Office Mls Id: MISWCLK02
  • Co List Office Phone: 800-9916092
  • Co List Office Phone: 314-2220065
  • Outside Inclusions: Building,Land
  • MLS Status: Active
  • Subdivision Name: Hornsby Addition
  • Above Grade Finished Sq Ft: 9632
  • Architectural Style: Low/1-2
  • Carport Y N: No
  • New Construction: No
  • MIS_AboveGradeFinishedAreaSrchSqFt: 9632.00
  • MIS_SellerConsiderConcessionYN: 1
  • MIS_PoolYN: 0
  • MIS_UnitCount: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Total Bedrooms: 1
  • Fireplace: No

Exterior Features

  • Waterfront: No
  • Disclosures: Unknown, Other, Flood Plain No
  • Construction Type: Brick, Brick Veneer, Stone Veneer
  • Exterior Features: Balcony

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street, Open, Parking Lot, Unassigned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric, Window Unit(s)
  • Heating: Forced Air, Electric
  • Water Source: Public

Schools

  • Elementary School: Herzog Elem.
  • Junior High Dist: St. Louis City
  • High School: Vashon High
  • Middle Or Junior School: Yeatman-Liddell Middle School

Lot Info

  • Lot Dimensions: 201X121
  • Lot Size Sq Ft: 24254
  • ResoLotSizeUnits: Acres
  • Parcel Number: 4293-00-0050-0

Rental Info

  • Tenant Pays: Electricity, Sewer, Water

Multi Family

  • Operating Expense: 22942
  • Number Of Units Total: 18
  • Net Operating Income: 122133

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7210

Map

Range of Values:

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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
05/02/2025 05/02/25 Price Changed $750,000 0.0% $78 / Sq Ft
05/02/2025 05/02/25 For Sale $750,000 +50.3% $78 / Sq Ft
03/19/2025 03/19/25 Off Market -- -- --
12/21/2015 12/21/15 Sold -- -- --
10/09/2015 10/09/15 For Sale $499,000 -- $25 / Sq Ft
Source: MARIS MLS

About the Listing Agent

Julie Carter

Worth Clark Realty

(844) 909-4815

Section Image

Julie Carter is a former junior national champion and former national record holder cyclist who had a career as a renowned collegiate cycling coach at two of the top-ranked universities in the United States. She garnered 20 national championship titles as a coach with wins in each of the 5 disciplines of the sport (Track, Mountain, Cyclocross, BMX, and Road). Her husband, Josh, was also deeply involved in the cycling world and raced as a professional and semi-professional road cyclist, and they

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Source: MARIS MLS

MLS Number: MIS25016792

MARIS MLS

APN: 429300-00500