$995,000

3836 Wilmington Ave

St Louis MO, 63116

Description

OUTSTANDING RARE OPPORTUNITY IN HOLLY HILLS!!! Here's your chance to own a fantastic 17-unit apartment complex that includes three large basements and a detached four car garage. This building has a perfect location as it is directly across the street from St. Stephens School and just a couple of blocks from beautiful Carondelet park! Tenants love the stunningly renovated units that are bright and roomy with hardwood floors throughout. With long term, qualified tenants, strong leases in place and only four units remaining to renovate, this is truly a turn-key opportunity. Great for someone looking for a low maintenance, turn-key investment that should yield an 8% cap rate. While 13 of the 17 apartments have had substantial renovations in 2018 and 2019, one more is currently under renovation and can be completed prior to closing. Buyer to purchase property "as-is".

Details

MLS#19069997
Sub-TypeResale
StatusActive
Year1929
Days On Site6

Features

SQ Feet18,740
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:
$995,000
low | high
Med:
$134,900
100% of Average
SqFt:
18,740
low | high
Med:
1,080
100% of Average
$ / SqFt:
$53
low | high
Med:
$125
85.252745207518% of Average
On Site:
6
low | high
Med:
177
3.389830508475% of Average
Listing Updated: 09/21/2019
MLS Number: 19069997
Listing Provided By:
Laura Ludwig  of  Lauralei Properties LLC