UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,720 sqft
Price per Sqft $174
Subdivision Gibson Heights Add
MLS Listing ID MIS25003404
Year Built 1925
Lot Size 6,373 Sqft
Acres 0.1463
Lot Dimensions 29x123x43x124
Property Sub-Type 2-4 Units
Property Description
restaurants, nightlife, and SLU campus. The building features thoughtfully designed updated units featuring modern kitchens with stainless steel appliances, updated bathrooms, hardwood floors, and stained glass windows. The HVAC, plumbing, and electric is updated, including exterior service. The interior entry has beautiful marble walls and tile floors. There is a decorative clay tile roof, along with a brick garage and with private fenced backyard. Situated in a rapidly developing neighborhood driving strong rental demand and steady income potential. Rents are $1,095 and $1,395 per month. Comparable units in the area lease for $1,500+ per month, providing the ability to raise rents significantly. The average rent for 49 two bed apartments within 1.5 miles is $1,565. The property can generate over $3,500 in monthly income from 3 units, ideal for owner-occupants.
Location
State MO
County St Louis City-mo
Area 3 - South City
Interior
Heating Forced Air, Electric
Cooling Central Air, Electric
Fireplace N
Appliance Electric Water Heater
Exterior
Parking Features false
Fence Fenced
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Schools
Elementary Schools Adams Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Special Listing Condition Standard
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Joe LoPiccolo
Broker Associate | License ID: 2005026477
Broker Associate License ID: 2005026477