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Kim Banovz

kim@cisler.com +1(618) 670-1910

$ 775,000

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4731-4737 Alaska St Louis, MO 63111

8,000 SqFt

UPDATED:

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

Acres 0.3

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

Rooms

Basement Unfinished, Walk-Up Access

Interior

Heating Electric, Forced Air

Cooling Ceiling Fan(s), Central Air

Flooring Ceramic Tile, Wood

Fireplace Y

Appliance Dishwasher, Built-In Electric Oven, Refrigerator

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

Architectural Style Traditional

Level or Stories Two

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

Ownership Private

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

Listed by Lynne Hart • Real Broker LLC

Kim Banovz

Broker | License ID: 475.209182

+1(618) 670-1910

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