$2,465,000
$2,600,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
4117 Magnolia AVE St Louis, MO 63110
30,120 SqFt
Key Details
Sold Price $2,465,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 30,120 sqft
Price per Sqft $81
Subdivision Magnolia Place Add
MLS Listing ID 20090251
Sold Date 12/30/20
Construction Status 60
Year Built 1960
Building Age 60
Lot Size 0.483 Acres
Acres 0.483
Lot Dimensions 60x352
Property Sub-Type Multi-Family 5+
Property Description
Updated 24 unit apartment complex located in Shaw across the street from Tower Grove Park and walking distance to the Botanical Gardens. This meticulously maintained turn key building has 8 two beds that are 800 sq ft, 4 large one beds that are 800 sq ft and 12 one beds that are 700 sq ft. Building features updated kitchens with newer cabinets and breakfast bar, stainless steel appliances, bathrooms have been updated, there are hardwood floors, on site laundry, off street parking, storage lockers for the tenants, central air and forced air heat. The gross income for the building after 5% vacancy is $222,220 with expenses of $57,164 for a net income of $165,056. Buildings like this rarely become available for sale.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Common Laundry
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Construction Status 60
Schools
Elementary Schools Mann Elem.
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 None
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Bought with Default Zmember