$270,000

St Louis MO, 63129

Description

Price Reduced!! Well maintained and fully rented four family built in 1966 located in Mehlville. The building has two 2 bedroom units and two 1 bedroom units featuring kitchens with lots of cabinet space, central air conditioning, washer dryer hookups and storage units for each apartment and a pitched roof. Currently rented to long term tenants that have all been there for at least 4 years. Units are rented for well below market rent at $575, $550, $470 and $465. Market rent for similarly updated 2 bedroom units are approximately $700 and $625 for the 1 bedrooms, with units rented at market rent and fully rented the building could generate $2,650 a month and $31,800 annually. Annual expenses are $8,204 for a potential an annual net income of $23,595.

Details

MLS#19042648
Sub-TypeResale
StatusActive
Year1966
Days On Site100

Features

SQ Feet3,284
Units4
Building(s)1

Market Activity 63129

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Area Information

StateMO
CountySt Louis
CitySt Louis
Zip Code63129
AreaMehlville
Listing VS Median (in 63129)
Price:
$270,000
low | high
Med:
$259,000
54.074074074074% of Average
SqFt:
3,284
low | high
Med:
1,828
94.336175395859% of Average
$ / SqFt:
$82
low | high
Med:
$142
22.330820974147% of Average
On Site:
100
low | high
Med:
114
87.719298245614% of Average
Listing Updated: 09/14/2019
MLS Number: 19042648
Listing Provided By:
Jordan Schoen  of  Invest St. Louis