3464 Watson Pending Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63139
Key Details
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Pending
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $131
Subdivision Southwest Park Add
MLS Listing ID 24071700
Year Built 1947
Building Age 77
Lot Size 5,358 Sqft
Property Description
This updated all brick 4-family features 1-bedroom, 1-bath units. Each unit has a large living room, dining room, kitchen and 3 season room off of the bedroom. All units have hardwood floors throughout, nice kitchens and bathrooms. The building has newer forced air heat and central A/C. The basement features private washer dryer hook ups and tenant storage space. There is a parking pad in the rear of the building with 4-spaces. Updated electric and main drain stacks in the basement. Just steps from great restaurants, Ted Drews, Lindenwood Park and Hampton/Chippewa shopping center. This is a great investment with a competitive cap rate. Don't miss your chance!
Long term tenants at lower rent, neighborhood market rents at $995/mo. Gross operating rent and net income calculated off of market rents with 8.02% cap rate.
See attached Proforma.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Electric
Building
Sewer Public Sewer
Water Public
Structure Type Brk/Stn Veneer Frnt
Schools
Elementary Schools Mason Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional
Listing Terms Cash Only,Conventional
Special Listing Condition None