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Key Details
Sold Price $468,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,060 sqft
Price per Sqft $153
Subdivision Weizenackers Add
MLS Listing ID 25033592
Year Built 1923
Property Sub-Type Multi Family
Property Description
Historic charm meets modern aesthetics in this turnkey 4-family in Tower Grove East. Beautifully renovated in 2020, each 1/1 unit features an open floor plan, tall ceilings, custom cabinets, granite counters, stainless steel appliances, in-unit laundry, LVP & tile flooring. The building boasts all new wiring, plumbing, stacks, sewer lateral, HVAC, water heaters, electric panels, and windows. New TPO roof in 2022. Within walking distance to Tower Grove Park, MOBOT, Starbucks, and all the great shops, restaurants and entertainment on and near S. Grand. Minutes from I-64/44/55 and world-renowned hospitals, SLU, Chaifetz, and more. Seller was owner-occupant with attention to detail for maintenance. One unit open for showings & owner occupant. Roof photos here: https://tinyurl.com/ArkansasRoof1 . Rents are currently 900, 930, and 975; Rentometer indicates 1,049-1,426, with an average of 1238. Current rents (with 975 for vacant unit) - expenses = an NOI of 31,574, an 8.65% cap rate.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Vinyl
Fireplaces Type None
Laundry In Unit
Exterior
Parking Features false
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
Amenities Available None
Building
Story 2
Water Public
Structure Type Brick
Schools
Elementary Schools Shenandoah Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition Standard
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Bought with Peter Lu
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Joe LoPiccolo
Broker Associate | License ID: 2005026477
Broker Associate License ID: 2005026477