$173,000
$185,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
4126 Michigan AVE St Louis, MO 63118
3,437 Sqft Lot
Key Details
Sold Price $173,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Subdivision Southeast
MLS Listing ID 24045468
Sold Date 09/19/24
Construction Status 119
Year Built 1905
Building Age 119
Lot Size 3,437 Sqft
Acres 0.0789
Lot Dimensions irr
Property Sub-Type Multi-Family 2-4
Property Description
FULLY OCCUPIED 3 Unit building producing a 10.5% return!! Have a completely turnkey investment generating $19k NOI annually! Or, if you prefer to play the value add game, update units 1 and 2 when their leases expire in July and August, and take advantage of high market rents! Unit 1 has been in place via Section 8 nearly 8 years, Unit 2 is rented via St. Patrick's center, and the Rear studio unit is recently rented to a market tenant. Interior photos are of Unit 2 and the Rear unit prior to being rented. While cosmetic updates hasn't been the focus for this building, you'll find lots of the big stuff already done and in great condition! New Roof 2017, and Water Heaters / HVAC in 2013 - one in 2023. Unit 1 has window units. Can be packaged with a two family at 4243 Meramec (24045572) for five total units!
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air
Cooling Wall/Window Unit(s), Electric
Fireplace N
Appliance Some Refrigerator(s), Some Range Oven(s)
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 119
Schools
Elementary Schools Meramec 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, FHA, VA
Listing Terms Cash Only, Conventional, FHA, VA
Special Listing Condition None
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Bought with Lynne Hart