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Key Details
Sold Price $484,000
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $201
Subdivision Forest Park Southeast
MLS Listing ID 22068355
Sold Date 04/10/23
Year Built 1927
Lot Size 2,391 Sqft
Acres 0.055
Lot Dimensions 28.7 x 83
Property Sub-Type 2-4 Units
Property Description
Large 3 family is located in The Grove in close proximity to Forest Park, Barnes Jewish Medical Complex, Washington University School Of Medicine, St. Louis University, Cortex, University Of Health Science And Pharmacy In St. Louis, The Central West End, Botanical Gardens and Tower Grove Park. Built in 1927 this building consists of 2 three bedroom units and one 1 bedroom units for a total of 7 bedrooms. Current rents are $3,265/mo or $39,180 annualized. There is the potential to add value and raise rents in the future - these units rented at market rates could yield $49,200 of gross rental income annually based on rent comparables. The average rent price in The Grove is $1,669 (provided by rent cafe). All units are month to month. All units have been updated. Would be ideal for an investor or owner occupant. Can be purchased with nearby 3 family 1210 Newstead or with 6 other total nearby multi families as part of a package. Inquire with the listing agent for more information.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Heating Forced Air, Natural Gas
Cooling Gas, Central Air
Fireplace N
Appliance Gas Water Heater
Laundry Common Area
Exterior
Parking Features false
Amenities Available Storage
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Adams Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Vashon High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Private Financing Available, USDA, VA Loan, Other
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Private Financing Available, USDA, VA Loan, Other
Special Listing Condition Standard
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Bought with KristaHartmann