Remarks

Once-in-a-decade opportunity at $42,000 per unit. This 6-unit North Hampton property is a rare rehab ideal for investors eyeing value-add projects. The building features two spacious 2-bedroom units and four 1-bedroom units. Two units have fire damage, while the remaining four have smoke exposure. All units are vacant. Recent MLS sales for 5+ unit buildings in 63139 and neighboring 63109 and 63110 have ranged from $102,500 to $195,833 per unit, driven by size and condition, offering flexibility in finish selections. Potential market rents = $1,095 for updated 1br and $1,295 for updated 2br. Buyers should perform their own property condition analysis and financial analysis. The last comparable rehab of this size and type in North Hampton listed on MLS was January 2015.

Details

MLS#: 24070101
Price: $250,000

Style: Multi-Family 5+
Year Built: 1928

County: St Louis City
Subdivision: Kingshighway Hills
Lot Size: 70 Ft X 120 Ft
Tax Fee: 3956

School Elementary: Mason Elem.
School Middle: Long Middle Community Ed. Center
School High: Roosevelt High
School District: St. Louis City