$75,000
$80,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
4401 Harris AVE St Louis, MO 63115
2,432 SqFt
Key Details
Sold Price $75,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $30
Subdivision Ofallon Heights Add
MLS Listing ID 21004539
Sold Date 03/01/21
Construction Status 109
Year Built 1912
Building Age 109
Lot Size 6,665 Sqft
Acres 0.153
Lot Dimensions 23x156x69x148
Property Sub-Type Multi-Family 2-4
Property Description
Urban investors, this one is for you! Current investor seeking to let this one go for your benefit. Lower unit has long term tenant (15 years), paying $600 per month. Recently updated 3 bedroom upper unit can rent Sec. 8 for $800-$900 per month. Fresh paint and vinyl click plank flooring recently installed in upper unit. Upper/Lower baths and kitchens have low maintenance ceramic tile flooring. Plumbing, electrical, windows and roofing have all been updated during current investor's ownership. The building is low maintenance, located near major thoroughfares, public transportation and Hwy 70.
Cash purchase CAP rate on $80k is 14.5%. Financed purchase with 20% down, 4.5% interest rate, Cap rate on $80k is 12.6%, both CAP rates figured with a 20% annual vacancy rate. Annual real estate taxes for 2020 were less than $400. This property is a CASH COW. Bring your bucket and milk this one for all you can! See uploaded Rental Verification for annual expense record.
Location
State MO
County St Louis City
Area North
Interior
Heating Radiator(s)
Cooling Window Unit(s)
Fireplace N
Appliance Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s), Some Window Treatment(s)
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Construction Status 109
Schools
Elementary Schools Ashland Elem. And Br.
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition Renovated, None
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Bought with Stephanie Ponder