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Key Details
Sold Price $115,900
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 2,182 sqft
Price per Sqft $53
Subdivision Stockes
MLS Listing ID 22008675
Sold Date 04/15/22
Construction Status 98
Year Built 1924
Building Age 98
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30 x 125
Property Description
2-family in Gravois Park with 1 vacant rent ready unit. The occupied unit is currently rented below market at $625. Vacant unit can rent for $750/month. Building has good tuckpointing, vinyl insulated windows, new furnace, and pvc waste stack. Once rents are brought up to market rates the building has potential to generate a 7% Cap Rate, or 11% Cash on Cash ROI with conventional financing (management fees included).
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air, Individual Furnaces
Cooling Wall/Window Unit(s)
Fireplace N
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 98
Schools
Elementary Schools Froebel Elem.
Middle Schools Blewett Middle
High Schools Beaumont Cte High School
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Christopher Klages
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