LIVE IN ONE. COLLECT AN ESTIMATED $4,987 A MONTH FROM THE OTHER THREE. This fully gut-rehabbed Soulard four-family offers projected fully leased rent of $6,637 per month—$79,644 annually. Two units are already leased at $1,650 and $1,687 per month; the other two are vacant and projected at $1,650 each. Depending… Read More on financing, income from three units could cover mortgage principal and interest while you occupy the fourth. Taxes, insurance and other ownership expenses remain additional. All four residences are 2-bedroom, 1-bath, with new A/C, furnaces, water heaters, roof, appliances, kitchens and baths. New major systems can mean fewer repair calls, fewer contractor visits and lower near-term maintenance costs, helping protect your cash flow and making self-management more practical. Quartz counters, stainless appliances, matte black fixtures, wide-plank flooring and marble-look tile complement the original exposed brick. Planned gated asphalt parking and a resident turf area add to the offering. A 93 Walk Score places Soulard dining, coffee shops and entertainment close by. Projected income assumes lease-up at the stated rents. Read Less
Listing courtesy of The Agency, 314-677-1477.
Listing Snapshot
Days Online
6
Last Updated
Property Type
2-4 Units
Square Ft.
4,946
Year Built
1906
MLS Number
26065791
Additional Details
Basement
Concrete
Building
Built in 1906, Living area: 4946, 1 building, Construction Materials: Brick
Cooling
Central Air
Disclosures
None
Heating
Forced Air
Income
Gross Income: $79,644, Net Operating Income: $62,414
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Data Exchange.
Listings courtesy of Mid America Regional Information Systems Data Exchange as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.