Rock Island Realty

Other

3930 Utah Street

St Louis, MO 63116

MLS#: 19089520

$189,900

Status: Closed
Listing number: 19089520
Listing provided by: Berkshire Hathaway HomeServices Alliance Real Estate
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Russell Place Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1927

Sq.Footage

3,098

Don't miss this great opportunity to own a value-add property in the highly desirable Tower Grove South Neighborhood! Walking distance to Tower Grove Park, and the South Grand business district with all of the arts, entertainment, and dining it offers. Current owner has owned the property for 20+ years and has taken great care of it. Each unit is 3/1/1, with hardwood floors, some updated windows, and some updated bathroom fixtures. Right out of the gates there is room to raise your bottom line, as current rents are below market across the board due to long term tenants. Currently renting at $530/475/455, with most recent tenant at $565. Fully rented at market rate, this property would gross $27,120 and net $19,436, a solid 10+ Cap rate. With some targeted upgrades/updates, rents could go higher, and this property would be truly special! Roof re-surfaced 1 year ago. Electric has been updated to breakers. Sale to be as-is, Seller to do no repairs or provide any warranties.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3098.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Gravity, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street, On Street

  • Patio and Porch Features

    Deck

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.132

  • Lot Size(square feet)

    5,750

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Other

Price

  • Sales Price

    $189,900

  • Tax Amount

    $2,542

  • Financing Options

    Other

  • Sq. Footage

    3,098

  • Price/SqFt

    $61

HOA

  • Association

    No

School District

  • Elementary School

    Mann 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

Mann Elem.

Middle School

Fanning Middle Community Ed.

High School

Roosevelt High

Listing Courtesy of William B Springer, Berkshire Hathaway HomeServices Alliance Real Estate

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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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Don't miss this great opportunity to own a value-add property in the highly desirable Tower Grove South Neighborhood! Walking distance to Tower Grove Park, and the South Grand business district with all of the arts, entertainment, and dining it offers. Current owner has owned the property for 20+ years and has taken great care of it. Each unit is 3/1/1, with hardwood floors, some updated windows, and some updated bathroom fixtures. Right out of the gates there is room to raise your bottom line, as current rents are below market across the board due to long term tenants. Currently renting at $530/475/455, with most recent tenant at $565. Fully rented at market rate, this property would gross $27,120 and net $19,436, a solid 10+ Cap rate. With some targeted upgrades/updates, rents could go higher, and this property would be truly special! Roof re-surfaced 1 year ago. Electric has been updated to breakers. Sale to be as-is, Seller to do no repairs or provide any warranties.

3930 Utah Street

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