St Louis, MO 63104,1709 S 8th
St Louis, MO 63104,1709 S 8th
St Louis, MO 63104,1709 S 8th
48
$567,500
$639,800
11.3%
Est.Price: ?

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5,048 SqFt

1709 S 8th St Louis, MO 63104

Est. payment /mo
SOLD DATE : 09/10/2021

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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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Listed by Amanda Alejandro • Realty Shop
Bought with Daniel Holak

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Amanda Alejandro

President/Owner | License ID: 2008015448

+1(636) 544-2288

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