$562,500
$589,900
4.6%For more information regarding the value of a property, please contact us for a free consultation.
2931 Lemp AVE St Louis, MO 63118
4,968 SqFt
Key Details
Sold Price $562,500
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 4,968 sqft
Price per Sqft $113
Subdivision Lanes Add
MLS Listing ID 21072294
Sold Date 12/15/21
Construction Status 131
Year Built 1890
Building Age 131
Lot Size 3,223 Sqft
Acres 0.074
Lot Dimensions 25x129
Property Sub-Type Multi-Family 5+
Property Description
This gorgeous brick and stone building in Benton Park includes 6 residential units, 4 of which are currently being used as Airbnb units! The occupancy rate is 95% for October 2021, 88.8% for the last 365 days. The next 30 days is 90.2%. 2 of the units are long term renters ending in January and May 2022. This is an amazing opportunity with a gross income in 2020 of $66k+ and net income of $38k+. Financials are available upon request. All units come fully stocked and furnished, including all appliances. Electronic key pads on exterior door and interior unit doors make booking new tenants a breeze! Located just 60 seconds from Highway 55 and just across the highway from the famed Anheuser Busch Brewery, makes this the perfect Airbnb destination for traveling nurses and other guests. Showings will have to be scheduled in between occupancy dates. Every unit has been totally renovated! Buy this building as an investor OR owner occupied. Either way this is an incredible opportunity!
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Electric
Fireplace N
Laundry Prvt Laund all units
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 131
Schools
Elementary Schools Sigel Elem. Comm. Ed. Center
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition Rehabbed, Renovated, None
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Bought with Brandi Jo Zirkelbach