7301 Murdoch, St Louis, MO 63119

$385,000
3,975
SqFt
List Price
$385,000
Days on Market
116
MLS#
17067348
Status
ACTIVE
Living Sq. Ft
3,975
Lot Size
10,890
Sq. Ft. Above
3975
Acres
0.25
Year Built
1961
Subdivision
Shrewsbury Park 3rd
Municipality
Shrewsbury
County
St Louis
Listing Type
Multifamily

Property Description

This quiet gem is fully occupied with 4 long-term tenants and 1 newer one. All units have: living room, dining area, bedroom(s) w/big closets, and kitchens with wood cabinets, Formica counters, and mostly newer appliances. Terrazzo flooring in the front units, hardwood flooring in the back units. MCM bathrooms have tile floors. Three 1-bedroom units are in the front, on a slab (no basement). Rents are $490, $525, and $525. Interior photos shown are of from one of these units. A 1-bedroom unit and a 2-bedroom unit are located in the back, over the basement. Rents are $490 and $605. Individual utilities with separate gas forced air and central AC. Updates: two new condenser units (2007 & 2016); 75-gallon hot water heater (2016) serves the entire building for just $720 per year; one updated stack; new roof in 2005; parking lot paved in 2007. Webster Groves School District. 5.6% cap rate w/current income/expenses; 6.3% with modest rent increase to $550 for 1-bd, $650 for 2-bd.

Additional Information

Gross Operating Income
31620
Total Expenses
$9,781
School District
Webster Groves
Elementary School
Avery Elem.
Jr. High School
Hixson Middle
Sr. High School
Webster Groves High
Construction
Brick/Stone Msn Pred
Parking Description
Parking Lot, Unassigned
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
96.86
Taxes Paid
4358
Selling Terms
Cash, Conventional, FHA, VA

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Listing courtesy of Realty Exchange.

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