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Key Details
Sold Price $346,550
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 4,960 sqft
Price per Sqft $69
Subdivision Virginia Heights Add
MLS Listing ID 22012224
Sold Date 05/23/22
Construction Status 58
Year Built 1964
Building Age 58
Lot Size 6,011 Sqft
Acres 0.138
Lot Dimensions 6011 sq ft
Property Sub-Type Multi-Family 5+
Property Description
AN INVESTORS DELIGHT! Spacious living (4,960 sq ft.) with four (2 bed, 1 bath units) and two (1 bed, 1 bath units). The two (2 bed, 1 bath units) w/basement are located on 4754 Virginia Avenue side. The renovation on the Virginia Avenue side of the property needs to be completed. The FOUR units located on 3255 Delor Avenue side OF THE PROPERTY, has TWO (1 bed, 1 bath units) & TWO (2 bed, 1 bath units) w/basement. The FOUR UNITS on Delor Ave. are 100% occupied and two units were recently rehabbed. The building has a newer roof, electrical panel, furnaces and water tanks and some recent renovations. in addition, the PARKING LOT, which sits adjacent to the building is for use by the TENANTS ONLY. Estimated gross income, after renovations are completed=$48,000/yr. Based on the rental comps, a rent increase is warranted. Once the renovations are completed, the property will be a great addition to any investment portfolio. Seller will not pay for warranties, inspections, or repairs
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Electric, Gas
Fireplace N
Laundry Other
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 58
Schools
Elementary Schools Walbridge Elem. Community Ed.
Middle Schools Lyon-Blow Middle
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Holly Gerchen