Rock Island Realty

3300 Shenandoah Avenue

St Louis, MO 63104

MLS#: 19083351

$325,000

Status: Closed
Listing number: 19083351
Listing provided by: Advanced Realty Group
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Tower Grove East - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1901

Sq.Footage

4,864

Great for investors or owner occupants! This beautiful, brick, 4-family has been renovated in the past 4 years. Three of the units are tenant occupied. The 4th unit recently vacated and rehabbed is ready to be leased or for the new owner to move right in! Updates include a custom paint job, laminate flooring in 2 units, carpet, 6 panel doors, some new appliances, ceiling fans, blinds, new bathroom vanities, bathroom lights, exterior lights, exterior doors, new privacy fence, and a new roof in the past 3 years. Three units are rented ($650, $650, and $675 which are below market.) Potential rent income is $850 per unit in this area. The projected annual income of $40,800 and expenses of $10228 which includes a 5% maintenance fee gives you a NOI of $30,572. The approximate cap rate is 8%. This GEM won't last long!!! A great opportunity in a prime location!!!Motivated Seller!!!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4864.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air, Electric, Multi Units

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street, On Street, Open, Parking Lot

  • Patio and Porch Features

    Deck

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.117

  • Lot Size(square feet)

    5,088

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $325,000

  • Tax Amount

    $1,925

  • Financing Options

    VA

  • Sq. Footage

    4,864

  • Price/SqFt

    $66

HOA

  • Association

    No

School District

  • Elementary School

    Shenandoah Elem.

  • Middle School

    Fanning Middle Community Ed.

  • High School

    Roosevelt High

Property Features

  • Ownership

    Private

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St Louis City-MO

Elementary School

Shenandoah Elem.

Middle School

Fanning Middle Community Ed.

High School

Roosevelt High

Listing Courtesy of Corey Adams, Advanced Realty Group

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Agent Erica Holtschneider

Agent / Realtor®

Erica Holtschneider

Call Erica today to schedule a private showing.

(573) 286-8065

erica@homeatthelake.com


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Great for investors or owner occupants! This beautiful, brick, 4-family has been renovated in the past 4 years. Three of the units are tenant occupied. The 4th unit recently vacated and rehabbed is ready to be leased or for the new owner to move right in! Updates include a custom paint job, laminate flooring in 2 units, carpet, 6 panel doors, some new appliances, ceiling fans, blinds, new bathroom vanities, bathroom lights, exterior lights, exterior doors, new privacy fence, and a new roof in the past 3 years. Three units are rented ($650, $650, and $675 which are below market.) Potential rent income is $850 per unit in this area. The projected annual income of $40,800 and expenses of $10228 which includes a 5% maintenance fee gives you a NOI of $30,572. The approximate cap rate is 8%. This GEM won't last long!!! A great opportunity in a prime location!!!Motivated Seller!!!

3300 Shenandoah Avenue

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