Remarks

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 See supplements for the extensive improvements made to the property since 2022; no outdated systems = low maintenance costs!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.

Details

MLS#: 25023048
Price: $1,450,000

Style: Multi-Family 5+
Year Built: 1917

County: St Louis City
Subdivision: Horton Place Add
Lot Size: 58' x 148'
Tax Fee: 636

School Elementary: Hamilton Elem. Community Ed.
School Middle: Yeatman-Liddell Middle School
School High: Sumner High
School District: St. Louis City