$150,000

3708 Bates

St Louis MO, 63116

Description

This 4 family is ideal for a smart owner occupant looking to have their living expenses completely offset by 3 tenants or for the savvy landlord looking to add to their real estate portfolio. Three of the units have very long term tenants in place at below market rents. One bottom unit is newly vacant and ready for showings. Rents range from $415-$475 but average market rents in this area with A/C are closer to $550. These 1 bedroom units are nicely sized with charming stained glass windows, large eat-in kitchens and wood floors. The entire building has forced air conditioning and heat. The majority of the windows have been updated along with 3 updated electric panels and some updated plumbing. Laundry hookups for all 4 tenants in the basement. Off-street parking for 4 cars. Ideal location near public transportation, Highway 55 and Carondelet Park. Great cash flow on this building with low expenses.

Details

MLS#19042032
Sub-TypeResale
StatusPending - Show
Year1925
Days On Site101

Features

SQ Feet3,774
Units4
Building(s)1

Market Activity 63116

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63116
AreaSouth City
Listing VS Median (in 63116)
Price:
$150,000
low | high
Med:
$134,900
60.066666666667% of Average
SqFt:
3,774
low | high
Med:
999
100% of Average
$ / SqFt:
$40
low | high
Med:
$136
100% of Average
On Site:
101
low | high
Med:
91
100% of Average
Listing Updated: 09/14/2019
MLS Number: 19042032
Listing Provided By:
Tara Hacker  of  Garcia Properties