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3420 Lawn St Louis, MO 63139
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Key Details
Sold Price $210,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision Kingshighway Hills
MLS Listing ID 24070101
Year Built 1928
Building Age 96
Property Description
Once-in-a-decade opportunity at $42,000 per unit. This 6-unit North Hampton property is a rare rehab ideal for investors eyeing value-add projects. The building features two spacious 2-bedroom units and four 1-bedroom units. Two units have fire damage, while the remaining four have smoke exposure. All units are vacant. Recent MLS sales for 5+ unit buildings in 63139 and neighboring 63109 and 63110 have ranged from $102,500 to $195,833 per unit, driven by size and condition, offering flexibility in finish selections. Potential market rents = $1,095 for updated 1br and $1,295 for updated 2br. Buyers should perform their own property condition analysis and financial analysis. The last comparable rehab of this size and type in North Hampton listed on MLS was January 2015.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Electric
Building
Sewer Public Sewer
Water Public
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, Private, Other
Listing Terms Cash Only, Private, Other
Special Listing Condition None
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Bought with Elvis Niksic