1956 Sidney ST Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63104
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 8,435 sqft
Price per Sqft $171
Subdivision Fairmonts Add
MLS Listing ID 25045609
Year Built 1887
Property Sub-Type 5 Family or More
Property Description
Fully occupied, newly renovated 7-unit historic building in the heart of Benton Park. Over $250,000 in improvements completed, making this a turnkey investment opportunity with strong income potential. Currently performing at an 7% cap, with upside potential through rent improvements. Beautiful new interior features include in-demand layouts with modern kitchens (white cabinets with granite, stainless appliances, tiled floors, new hardware and lighting), newly installed in unit laundry with w/d included, new flooring and fresh paint throughout, baths include subway tiled bath/showers, new vanity, and fixtures. Bedrooms with lots of closets, panel doors, and plenty of natural light throughout. Exterior improvements include tuckpointing, sewer lateral, landscaping and more. Some new HVAC and hot water heaters. Each unit with Individual systems and electric panels. Ideal for investors seeking a low-maintenance property in a strong rental area. Close to restaurants, parks, public transportation, and major highways. This listing is part of a multi-property portfolio available as a package deal. Buyer has the opportunity to purchase 3 additional buildings for a total of 15 units. Properties are fully leased and offer strong current performance with upside potential. Contact listing agent for full package details, addresses, and financials.
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Forced Air
Cooling Central Air
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Family Room
Laundry In Unit
Exterior
Exterior Feature Courtyard
Parking Features false
Utilities Available Cable Available
Building
Lot Description Corner Lot
Water Public
Structure Type Brick,Stone
Schools
Elementary Schools Sigel Elem. Comm. Ed. Center
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Standard