$383,000
$400,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
3526 Giles AVE St Louis, MO 63116
3,848 SqFt
Key Details
Sold Price $383,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 3,848 sqft
Price per Sqft $99
Subdivision Hunts Add
MLS Listing ID 23051804
Sold Date 12/20/23
Construction Status 111
Year Built 1912
Building Age 111
Lot Size 7,292 Sqft
Acres 0.1674
Lot Dimensions 50 x 140
Property Sub-Type Multi-Family 2-4
Property Description
Check out this attractive 4-family with 1-bed units (2 private, 2 walkthrough), loaded with updates! All units were extensively renovated in 2019 with kitchens, bathrooms, in-unit laundry, plumbing (pex water lines and mostly PVC stacks), some electric, some new windows, paint, floor refinishing, lighting fixtures, and appliances. Heating and cooling is via mini split; 3528 new in '22, the others new in '19. New silicone coating roof in '22. New sewer lateral to the street in Aug '23. Grocery stores, Civil Life Brewery, restaurants, and public transportation all nearby. Parking is on street or at rear of the lot. All tenants are up to date and reliable. Vacant unit was most recently rented for $900. Get them all to that level and watch your returns grow! See RPV for breakdown; with current rents and 900 for the vacancy, income = 3210 x 12 = 38,520 - operating expenses of 9698 = NOI of 28,822, making this a 7.2% cap at asking price.
Location
State MO
County St Louis City
Area South City
Interior
Heating Other
Cooling Other
Fireplace N
Appliance Some Insulated Window(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s), Washer/Dryer
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 111
Schools
Elementary Schools Oak Hill Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Exchange
Listing Terms Cash Only, Conventional, Exchange
Special Listing Condition None
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Bought with Patrick Kavanagh