$56,081
$57,250
2.0%For more information regarding the value of a property, please contact us for a free consultation.
828 Elias AVE St Louis, MO 63147
3 Beds
2 Baths
832 SqFt
Key Details
Sold Price $56,081
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 832 sqft
Price per Sqft $67
Subdivision Riverview Heights
MLS Listing ID 22025648
Sold Date 06/21/22
Style Ranch
Bedrooms 3
Full Baths 2
Construction Status 76
Year Built 1946
Building Age 76
Lot Size 5,314 Sqft
Acres 0.122
Lot Dimensions 40x128
Property Sub-Type Residential
Property Description
This home is part of a package of 38 single family homes. Offered at $2,175,500 which is an average of $57,250 per door. Avg rents are $867/mo. Mainly Sec 8 leases with an estimated 10%+ cap rate. 29 of the leases are Section 8 - in addition to the regular payments from the government, Section 8 properties typically go through annual inspections to help keep them in good repair. There are 6 market tenants and 3 vacancies although the owners have recently taken deposits on 2 new Sec 8 leases (which would put you at 31 Sec 8 total). Approximately 18 tenants are being charged back for sewer. None of the properties are in a flood zone or on septic. 14 of the properties have asbestos siding. (This siding can be covered with new siding and does not need to be removed.) 5 properties are located in Berkeley and have been grandfathered in to continue as rental properties. This property is available for showings but is leased and tenant will be moving in soon. See docs section for more details.
Location
State MO
County St Louis City
Area North
Rooms
Basement Fireplace in LL, Full, Partially Finished, Sleeping Area
Main Level Bedrooms 3
Interior
Interior Features Some Wood Floors
Heating Forced Air
Cooling Electric
Fireplaces Number 1
Fireplaces Type Woodburning Fireplce
Fireplace Y
Appliance Gas Oven, Refrigerator
Exterior
Parking Features true
Garage Spaces 1.0
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Structure Type Brick
Construction Status 76
Schools
Elementary Schools Herzog Elem.
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 None
Read Less
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Bought with Richard Hein