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$1,450,000
Est. payment /mo
6,450 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,450 sqft
Price per Sqft $224
Subdivision Horton Place Add
MLS Listing ID MAR25023048
Construction Status 108
Year Built 1917
Building Age 108
Lot Size 8,516 Sqft
Acres 0.1955
Lot Dimensions 58' x 148'
Property Sub-Type Multi-Family 5+
Property Description
This fully renovated building has 6 attractive units perfect for families and students, close to Delmar Loop, Wash U., highways, hospitals, major employers. Building has been updated with extensive exterior work and interior gut rehab - top to bottom. Each spacious unit features a living room, dining nook, kitchen w/stainless steel app., primary bedroom suite, one additional legal bedroom, and a bonus room w/o window used for extra sleeping area/office (has a cut-out that could be opened to make it a legal bedroom), two full baths, in-unit laundry, walk-in closets, 14-ft ceilings, bay windows. Security system for peace of mind. The unfinished, above-ground basement has space (w/windows) to add 2 more units, plus storage – two potential value add plays. See supplements for the extensive improvements made to the property since 2022; no outdated systems = low maintenance costs! Gross income is 119,100 (w $1725 for vacant unit) - 18,175 expenses = 100,925 NOI, a 6.96% cap at asking price.
Location
State MO
County St Louis City
Area Central West
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Electric
Fireplace N
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 108
Schools
Elementary Schools Hamilton Elem. Community Ed.
Middle Schools Yeatman-Liddell Middle School
High Schools Sumner High
School District St. Louis City
Others
Ownership Private
Special Listing Condition None
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Listed by Tammy Derrigan • Worth Clark Realty