4731-4737 Alaska Coming Soon Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63111
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $96
Subdivision St Louis
MLS Listing ID 25057610
Year Built 1916
Lot Size 0.300 Acres
Property Sub-Type 5 Family or More
Property Description
8 Unit Package in 2 separate 4 family buildings, being sold at a 9.4% cap rate. 100% turnkey and generating a NOI of $72k, these buildings have a little something for anyone seeking cashflow! Two 2 bedroom Units, 6 1 bedroom units, one of which is furnished. A two car garage and a 2 car parking pad are included behind the spacious fenced yards. Stable tenancy is longer term and mostly are at market rates (one exception is a little low). Tenants have been thoroughly vetted and pay electronically and on time. Five Units have Electronic door locks which minimize key management concerns. Tons of updates 2016-2020 include moderately to nicely updated kitchens and baths, new sewers, one new roof, and a new city water line (4735-4737). Forced Air and Central AC in all units. 4735-37 are nearly identical in finishes with new cabinetry, countertops, tile, flooring, stainless steel appliances. 4731-33 are all updated, more modestly but with full kitchens and 4 peice appliance sets, 2 units have clawfoot tubs (2FL) and 2 have tub/shower combos. Full photos are linked in the downloadable supporting documentation.
Agent has a relationship with ownership, and they are ready to buy thier next building! Will not separate. No showings without an agreed contract, however showings may be available for a short period in September after a tenant move out. Seller will not finance
Video tour available is of the furnished unit. Some furnishings may have changed slightly.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Heating Electric,Forced Air
Cooling Ceiling Fan(s),Central Air
Flooring Ceramic Tile,Wood
Laundry In Basement,Electric Dryer Hookup,Washer Hookup
Exterior
Parking Features true
Garage Spaces 2.0
Fence Back Yard,Fenced,Wood
Utilities Available Cable Available
Roof Type Flat
Building
Lot Description Back Yard,Front Yard,Many Trees
Story 2
Water Public
Structure Type Brick
Schools
Elementary Schools Woodward Elem.
Middle Schools Long Middle Community Ed. Center
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 Package
Virtual Tour https://youtu.be/gUUC6Eed_hU?si=1El9NpI9vDdZsHHl