$630,000

4021 Meramec St

St Louis MO, 63116

Description

Up for sale is this well-maintained, 16 unit building with welcoming courtyard which includes 13 garage spaces across 4 buildings. 2 of these garage buildings are located on a separate parcel at 3917 Alexander Rear, which is included in the sale at no additional cost. All of the apartments offer the same floor plan with a living room, kitchen, full bath, and a private bedroom. There are 4 separate basements. Rents average at $525 per unit with newer vacancies being filled at $550. The garage bays are leased separately from the apartments and bring in a good amount of additional income (9 of the 13 spaces are rented). The building boasts many updates including new windows in 2017, new roof in 2016, some recent tuckpointing, central air, and varied cosmetic updates to the individual apartments. This is a wonderful, turn-key opportunity with plenty of upside for steady revenue generation. 2 vacant units + basements can be shown by appt. and the rest with an accepted offer.

Details

MLS#19031011
Sub-TypeResale
StatusPending - Show
Year1928
Days On Site127

Features

SQ Feet15,306
Building(s)1

Market Activity 63116

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63116
AreaSouth City
Listing VS Median (in 63116)
Price:
$630,000
low | high
Med:
$135,000
100% of Average
SqFt:
15,306
low | high
Med:
863
100% of Average
$ / SqFt:
$41
low | high
Med:
$156
100% of Average
On Site:
127
low | high
Med:
23
100% of Average
Listing Updated: 09/17/2019
MLS Number: 19031011
Listing Provided By:
Riahna&Matt Kastner  of  St. Louis Real Estate Society