1369 Mccausland, St Louis, MO 63117

$695,000
4,764
SqFt
Sold Price
$695,000
List Price
$699,995
Closing Date
Nov 10, 2017
Days on Market
6
MLS#
17077779
Status
SOLD
Living Sq. Ft
4,764
Sq. Ft. Above
4764
Year Built
1924
Subdivision
1369 Mccausland Ave Condos
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

EXTREMELY RARE - Massive, fully gut rehabbed 6 unit condo blocks from Wash U, Clayton and the heart of HWY 40. The building was separated and sold as six 2 bd/1 bath condos – the building has since been put back together under one ownership with 6 renters. Tenants and owner occupants can walk for a drink at the Cheshire, take a quick run in forest park, or hit up Dogtown or the Clayton secs. All units are the same floor plan with resurfaced hardwood floors, updated HVAC, updated plumbing, modern kitchens and baths, and equal sized bedrooms with tons of natural lighting. All appliances stay with the building + 6 washer dryers for each unit. There is tons of upside on this one; property runs in place at an 8% cap rate and can easily be at north of a 10% cap with little effort - you wont find this deal anywhere else in the 63117. Add some personal touches, or just cash your rent – this property provides perfect value for someone looking to live & invest in a Class A neighborhood.

Additional Information

Gross Operating Income
86400
Total Expenses
$15,769
School District
St. Louis City
Elementary School
Ashland Elem. and Br.
Jr. High School
Elias Michael Elem.
Sr. High School
Beaumont Cte High School
Construction
Brick/Stone Msn Pred
Parking Description
2+ Space/Unit, On Street Parking
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Electric, Gas
Price Per Sq. Ft
145.89
Taxes Paid
7674
Selling Terms
Cash, Conventional, Other

Mortgage Calculator

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Listing courtesy of St. Louis Apartment Experts, LLC. Selling Office: .

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