$860,000
$950,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
3836 Wilmington AVE St Louis, MO 63116
18,740 SqFt
Key Details
Sold Price $860,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 18,740 sqft
Price per Sqft $45
Subdivision Holly Hills Add
MLS Listing ID 19069997
Sold Date 05/22/20
Construction Status 91
Year Built 1929
Building Age 91
Lot Size 0.358 Acres
Acres 0.358
Lot Dimensions 0 x 0
Property Sub-Type Multi-Family 5+
Property Description
OUTSTANDING RARE OPPORTUNITY IN HOLLY HILLS!!!
Here's your chance to own a fantastic 17-unit apartment complex that includes three large basements and a detached four car garage. This building has a perfect location as it is directly across the street from St. Stephen's School and just a couple of blocks from beautiful Carondelet park! Tenants love the stunningly renovated units that are bright and roomy with hardwood floors throughout. With long term, qualified tenants, strong leases in place and only four units remaining to renovate, this is truly a turn-key opportunity. Great for someone looking for a low maintenance, turn-key investment that should yield an 8% cap rate. While 13 of the 17 apartments have had substantial renovations in 2018 and 2019, one more is currently under renovation and can be completed prior to closing. Buyer to purchase property "as-is".
Location
State MO
County St Louis City
Area South City
Interior
Heating Hot Water
Cooling Ceiling Fan(s), Window Unit(s)
Fireplace N
Laundry Coin Operated
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 91
Schools
Elementary Schools Woerner Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Other
Listing Terms Cash Only, Conventional, Other
Special Listing Condition None
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Bought with Daun Gooding-Holdmeyer