4,212 SqFt
4,212 SqFt
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,212 sqft
Price per Sqft $173
Subdivision Delmar Garden
MLS Listing ID 26007450
Style Mid-Rise 3or4 Story
Year Built 1929
Annual Tax Amount $6,559
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type 2-4 Units
Property Description
Large 3-bedroom units feature many updates, with completely new plumbing to kitchens and baths, hardwood floors throughout, and renovated kitchens with stainless appliances. Central AC & Forced Air heat, roof in great shape redone in the past few years, impeccable brickwork. Off street parking pad in the rear, metal fire escape in great shape. Clean basement with storage lockers for all units, updated electrical panels.
A motivated owner will thrive leasing these 3-bedroom units at a quite achievable $2250 market rate as-is. Wash U charges $1700+ *per person* monthly for tiny dorms -- students flock to the Delmar Loop for all the shops, restaurants, bars and more that it has to offer!
With further simple upgrades like in-unit laundry or furnishing the apartment for students, the sky's the limit: others on this block have achieved $3,200/mo+ rents for 3-bedroom units with laundry, furnishings, etc.. Offered at Pro Forma 7.1 Cap rate at market rents, will not last long, call today
Location
State MO
County St. Louis
Area 136 - University City
Rooms
Basement Concrete
Interior
Heating Forced Air
Cooling Central Air
Flooring Hardwood
Fireplace N
Laundry In Basement
Exterior
Exterior Feature Awning(s)
Parking Features false
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
View Y/N No
Roof Type Flat
Private Pool false
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Flynn Park Elem.
Middle Schools Brittany Woods
High Schools University City Sr. High
School District University City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Nearby Locations
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