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Key Details
Sold Price $1,575,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 13,308 sqft
Price per Sqft $118
Subdivision Tyler Place Add
MLS Listing ID 23005904
Sold Date 03/09/23
Year Built 1910
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions unknown
Property Sub-Type 5 Family or More
Property Description
Rare opportunity in an absolutely prime location across the street from the Botanical Gardens and one building down from Tower Grove Park.This architecturally significant 12 unit building has a mix of 2 and 3 bed units. Current owner has meticulous financials and is currently using 2 units as Airbnb's with very consistent and strong performance. This building maintains very high demand for both long and short term tenants. Long term rents below market. 6 of the 12 units have been recently updated and the other units were updated approximately 15 years ago. There have been lots of capex upgrades including HVAC, kitchen/bath finishes, appliances, lots of PVC plumbing, and mostly TPO covered roof. Building is professionally managed.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Heating Natural Gas, Forced Air
Cooling Central Air, Electric
Fireplace N
Appliance Electric Water Heater
Laundry Other
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Architectural Style Low/1-2
Structure Type Brick
Schools
Elementary Schools Mann Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with PatrickJKavanagh