MO > St Louis > Hornsby Addition
St Louis, MO 63147,Address not disclosed
St Louis, MO 63147,Address not disclosed
St Louis, MO 63147,Address not disclosed
19
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$750,000
Est. payment /mo
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9,632 SqFt
New

Address not disclosed St Louis, MO 63147

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Danielle Jordan

Danielle Jordan

+1(573) 308-5933

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 9,632 sqft

Price per Sqft $77

Subdivision Hornsby Addition

MLS Listing ID MIS25016792

Year Built 1964

Lot Size 0.557 Acres

Acres 0.5568

Lot Dimensions 201X121

Property Sub-Type 5 Family or More

Property Description

All 18 units in 2 buildings at 100% capacity, generating excellent cashflow - 2024 NOI was $122,133. What's better than incredible cashflow? There is an opportunity to make this 18-unit into a 24-unit! The (4) 4-bed / 2 ba units could easily be reconverted back into (8) 2-bed units + 2 units could be recreated in LL to make 24 units, as originally designed. Gated complex w/ parking. Newer roofs on both buildings. New sewer lateral line. Units have already been renovated but could be made nicer for even higher rents. There was a small fire a couple years ago that affected 2 units; both have been fully remedied and renovated. Contractor bids for ~ $450,000 to add storage lockers & 2 coin laundry rooms (each building) in LL to increase cashflow, completely remodel units [this part could easily be deferred], update some mechanicals, convert all 4-beds back to 2-beds & add 2 units in LL. Slam dunk on cashflow. Owner selling due to living out of state. Tenants pay utilities, except trash.

Location

State MO

County St Louis City-mo

Area 5 - North

Interior

Heating Forced Air, Electric

Cooling Central Air, Electric, Window Unit(s)

Fireplace N

Appliance Electric Water Heater

Laundry Common Area, Washer Hookup

Exterior

Exterior Feature Balcony

Parking Features false

Building

Sewer Public Sewer

Water Public

Architectural Style Low/1-2

Structure Type Brick,Brick Veneer,Stone Veneer

Schools

Elementary Schools Herzog Elem.

Middle Schools Yeatman-Liddell Middle School

High Schools Vashon High

School District St. Louis City

Others

Ownership Private

Special Listing Condition Standard

Listed by Worth Clark Realty

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agent

Danielle Jordan

Broker/Salesperson

+1(573) 308-5933

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