Rock Island Realty

Low/1-2

3836 Wilmington Avenue

St Louis, MO 63116

MLS#: 19069997

$950,000

Status: Closed
Listing number: 19069997
Listing provided by: Lauralei Properties, LLC
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Holly Hills Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1929

Sq.Footage

18,740

OUTSTANDING RARE OPPORTUNITY IN HOLLY HILLS!!! Here's your chance to own a fantastic 17-unit apartment complex that includes three large basements and a detached four car garage. This building has a perfect location as it is directly across the street from St. Stephen’s School and just a couple of blocks from beautiful Carondelet park! Tenants love the stunningly renovated units that are bright and roomy with hardwood floors throughout. With long term, qualified tenants, strong leases in place and only four units remaining to renovate, this is truly a turn-key opportunity. Great for someone looking for a low maintenance, turn-key investment that should yield an 8% cap rate. While 13 of the 17 apartments have had substantial renovations in 2018 and 2019, one more is currently under renovation and can be completed prior to closing. Buyer to purchase property "as-is".

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    18740.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Garage

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.358

  • Lot Size(square feet)

    15,594

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Low/1-2

Price

  • Sales Price

    $950,000

  • Tax Amount

    $6,849

  • Financing Options

    Conventional

  • Sq. Footage

    18,740

  • Price/SqFt

    $50

HOA

  • Association

    No

School District

  • Elementary School

    Woerner Elem.

  • Middle School

    Long Middle Community Ed. Center

  • 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

Woerner Elem.

Middle School

Long Middle Community Ed. Center

High School

Roosevelt High

Listing Courtesy of Laura Ludwig, Lauralei Properties, LLC

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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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OUTSTANDING RARE OPPORTUNITY IN HOLLY HILLS!!! Here's your chance to own a fantastic 17-unit apartment complex that includes three large basements and a detached four car garage. This building has a perfect location as it is directly across the street from St. Stephen’s School and just a couple of blocks from beautiful Carondelet park! Tenants love the stunningly renovated units that are bright and roomy with hardwood floors throughout. With long term, qualified tenants, strong leases in place and only four units remaining to renovate, this is truly a turn-key opportunity. Great for someone looking for a low maintenance, turn-key investment that should yield an 8% cap rate. While 13 of the 17 apartments have had substantial renovations in 2018 and 2019, one more is currently under renovation and can be completed prior to closing. Buyer to purchase property "as-is".

3836 Wilmington Avenue

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