4200 College AVE St Louis, MO 63107
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,412 sqft
Price per Sqft $29
Subdivision St Louis U Tr Add
MLS Listing ID 26019708
Style Traditional
Year Built 1916
Annual Tax Amount $245
Lot Size 4,321 Sqft
Acres 0.0992
Property Sub-Type 2-4 Units
Property Description
Three Units Are Currently Tenant-Occupied With Long-Term Residents On Month-To-Month Agreements Paying $425 Per Month, Providing Consistent Cash Flow With The Flexibility To Adjust Rents To Market Rates. One First-Floor Unit Is Vacant And Available For Showings, Presenting An Excellent Opportunity For Immediate Value-Add Through Renovation And Lease-Up.
The First-Floor Units Are Serviced By Forced Air Systems, While The Second-Floor Units Utilize Baseboard Heat, Offering A Diverse Mechanical Setup With Potential For Future Efficiency Improvements. The Property's Solid Brick Construction Reflects Early 20th Century Craftsmanship With Strong Structural Integrity.
This Asset Is Ideal For Investors Seeking A Value-Add Opportunity With Significant Rental Upside. With Below-Market Rents In Place And Month-To-Month Tenancies, Investors Can Strategically Increase Income While Enhancing Property Condition Over Time.
Whether You Are Looking To Expand Your Portfolio Or Execute A Renovation And Reposition Strategy, This Property Offers A Compelling Combination Of Current Income, Operational Flexibility, And Long-Term Appreciation Potential. Call Your Full Time Realtor For Questions Or To Schedule Your Showing Today!
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Full
Interior
Heating Baseboard, Electric, Forced Air, Natural Gas
Cooling Wall/Window Unit(s), Window Unit(s)
Fireplace N
Laundry In Basement
Exterior
Exterior Feature Balcony
Parking Features false
Fence Chain Link
Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
Roof Type Flat
Private Pool false
Building
Lot Description Corner Lot
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Bryan Hill Elem.
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION