1118 Ursula AVE, University City, MO 63130 - MLS#26000218

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Mitchell Cain

appraiser2002@gmail.com +1(618) 292-7227

$335,000

Est. payment - /mo

4,020 SqFt

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Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,020 sqft

Price per Sqft $83

Subdivision Bellemoor Park Amd

MLS Listing ID 26000218

Style Apartment Style

Year Built 1940

Annual Tax Amount $4,534

Lot Size 10,001 Sqft

Acres 0.2296

Property Sub-Type 2-4 Units

Property Description

Welcome to this spacious 4-family in University City within walking distance of Heman Park, the bustling Delmar Loop, and just 1.5 miles from Washington University! Each unit features two bedrooms, one bathroom, a living room with decorative fireplace, eat-in kitchen, hardwood floors, ceramic tile in the bathrooms, and lots of light. Existing rents are $760 (longtime tenant), $835, $845, and $895 resulting in a gross annual income of $40,020. Less annual operating expenses of $14,579 that's an NOI of $25,441 - a 7.59% cap at asking price. It's fully occupied so there are no showings without an accepted offer, but videos of the exterior and basement are available for your review. Improvements since acquisition in 2018: new architectural shingle roof, boots, and gutters; central air added to three units; two new electric panels; W/D hookups added in basement; some new appliances; three units updated with refinished floors, updated kitchen hardware and counters, and more. See addendum for more detail. Stacks are PVC. Two furnaces are located in the units rather than the basement. The residential building is in Zone X (500-Year). All but one corner of the detached garage is in Zone AE; see addendum for more detail. Seller's lender does not require flood insurance but lenders vary, so buyers should check with their loan officer.

Location

State MO

County St. Louis

Area 136 - University City

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Wall/Window Unit(s)

Flooring Ceramic Tile, Hardwood

Fireplaces Number 4

Fireplaces Type Decorative

Fireplace Y

Appliance Free-Standing Gas Range, Refrigerator

Laundry In Basement

Exterior

Parking Features true

Garage Spaces 2.0

Fence Chain Link

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

Roof Type Architectural Shingle

Private Pool false

Building

Lot Description Back Yard

Story 2

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Pershing Elem.

Middle Schools Brittany Woods

High Schools University City Sr. High

School District University City

Others

Ownership Private

Acceptable Financing 1031 Exchange, Cash, Conventional, Private

Listing Terms 1031 Exchange, Cash, Conventional, Private

Special Listing Condition Listing As Is

Virtual Tour https://tinyurl.com/ursula1118

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Listed by Tammy Derrigan • Worth Clark Realty

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Mitchell Cain

+1(618) 292-7227

Broker | License ID: 475.180028

Broker License ID: 475.180028

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1118 Ursula AVE University City, MO 63130

Mitchell Cain

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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