4731-4737 Alaska St Louis, MO 63111
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $90
Subdivision St Louis
MLS Listing ID 25057610
Style Traditional
Year Built 1916
Annual Tax Amount $3,478
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type 5 Family or More
Property Description
8 Unit Package in 2 separate 4 family buildings, being sold at a 9.5% cap rate. 100% turnkey and generating a NOI of $66k, these buildings have a little something for anyone seeking cashflow! Two 2 bd Units, Six 1 bd units, one of which is furnished. A two car garage and a 2 car parking pad are included behind the spacious fenced yards. Stable tenancy is longer term and mostly are at market rates (one exception is a little low). Tenants have been thoroughly vetted and pay electronically and on time. Five Units have Electronic door locks which minimize key management concerns. Tons of updates 2016-2020 include moderately to nicely updated kitchens and baths, new sewers, one new roof, and a new city water line (4735-4737). Forced Air and Central AC in all units. 4735-37 are nearly identical in finishes with new shaker cabinetry, countertops, tile, flooring, stainless steel appliances. 4731-33 are all updated, more modestly but with full kitchens and 4 peice appliance sets, 2 units have clawfoot tubs (2FL) and 2 have tub/shower combos. Photos for all units linked the downloadable supporting docs. Seller has completed full inspections on both buildings and the units and they are provided in the supplements along with financials.
Agent has a relationship with ownership, and they are ready to buy thier next building! Two Parcels, Seller prefers to sell as a package and close before Christmas. We have connections to DSCR lenders offering 6.5% interest rates on 25 year amortization, as well we can consider conventional loans so long as the income method of appraisal will be utilized.
Video tour available is of the furnished unit. Some furnishings may have changed slightly. Ask your realtor for the supplements which include photos of every unit, a video tour, full financials. leases inspections, receipts and more details.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement Unfinished, Walk-Up Access
Interior
Heating Electric, Forced Air
Cooling Ceiling Fan(s), Central Air
Flooring Ceramic Tile, Wood
Fireplace Y
Appliance Dishwasher, Built-In Electric Oven, Refrigerator
Laundry In Basement, Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Private Yard
Parking Features true
Garage Spaces 2.0
Fence Back Yard, Fenced, Wood
Pool None
Utilities Available Cable Available
View Y/N No
Roof Type Flat
Private Pool false
Building
Lot Description Back Yard, Front Yard, Many Trees
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Woodward Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Package
Virtual Tour https://youtu.be/gUUC6Eed_hU?si=1El9NpI9vDdZsHHl
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