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1709 S 8th St Louis, MO 63104
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Key Details
Sold Price $567,500
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,048 sqft
Price per Sqft $112
Subdivision Soulards Add
MLS Listing ID 21030071
Year Built 1892
Building Age 129
Lot Size 5,140 Sqft
Property Description
A RARE opportunity in historic Soulard! These TWO (1709 & 1711), 3-Family all brick buildings offer an excellent opportunity to acquire an INCOME PRODUCING properties that are in walking distance to Soulard Farmers Market, Bogart's, etc. Current rents offer a CAP rate near 7%. With appropriate updates & adjustments in rent, CAP rate could near 7.5%-8% when fully rented! A SURE BET for any savvy investor/owner occupant. NEW ROOF & GUTTERS in 2018. The 1st floor & middle units of 1709 consist of 2 beds & 1 bath. 1st floor & middle units of 1711 consist of 1 bed & 1 bath. Both buildings have a 3rd floor 1 bed, 1 bath efficiency unit. The middle unit of 1709 underwent a FANTASTIC, COMPLETE renovation 4 months ago. Plus, plenty of street parking in front & assigned spaces in back. FYI - similar 2 beds in Soulard are renting at $1000/month!! Unit A in 1711 S. 8th is vacant & can be seen now. SEE RENTAL VERIFICATION FORM FOR CURRENT RENTS (ranging from $550 - $970 / unit per mo.)
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air
Cooling Electric
Laundry Common Laundry, Prvt Laund some unit
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Sigel Elem. Comm. Ed. Center
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash Only, Conventional, FHA
Listing Terms Cash Only, Conventional, FHA
Special Listing Condition None
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Bought with Daniel Holak