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Key Details
Sold Price $245,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 5,146 sqft
Price per Sqft $47
Subdivision Lanes
MLS Listing ID MAR19075817
Sold Date 01/08/20
Construction Status 104
Year Built 1916
Building Age 104
Lot Size 1,612 Sqft
Acres 0.037
Lot Dimensions 50x130
Property Sub-Type Multi-Family 2-4
Property Description
Great opportunity to own a truly unique four condo package, all owned by same seller. Tons of living space, almost 5200 sq ft total across the 4 units, plus partially finished basements. With a little attention, this building will become a solid income producer.
Fully rented at current rates, building would produce almost $35,000 GPI a year! Rates for 1st fl units - $695 (approx 1000 sq ft, one 2b/1b and one 2b/2b w/partially finished basement rec room); Upper units $750 (HUGE 1600 sq ft units with loft/master suite, 3b/2b). 3 of 4 units currently vacant, 2910 1st fl recently renovated, last rented $695 in 2019 pre-reno. 2912 upstairs rented late 2018 at $750, has new paint and deep cleaned.
All 4 units to be sold together, "as is" - seller to do no repairs and provide no warranties. Selling as a package only.
2912 has central air, 2910 has ducts installed but no central, uses fans and window units. Sewer lateral in 2912 recently repaired.
Location
State MO
County St Louis City
Area Central East
Interior
Heating Dual, Forced Air
Cooling Window Unit(s), Ceiling Fan(s), Electric
Fireplace N
Appliance Some Dishwasher(s), Some Refrigerator(s), Some Range Oven(s), Some Window Treatment(s)
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 104
Schools
Elementary Schools Shenandoah Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Special Listing Condition None
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