2911 Cherokee, St Louis, MO 63118

$270,000
5,590
SqFt
Sold Price
$270,000
List Price
$294,900
Closing Date
Mar 19, 2018
Days on Market
8
MLS#
18001149
Status
SOLD
Lot Size
8,843
Acres
0.203
Sq. Ft. Above
5,590
Price Per Sq. Ft
48.3
Year Built
1885
Age
133
Subdivision
Benton Park West
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Investment opportunity! This is one of the largest 4-family buildings in south city, 5600 sq ft, and sits directly on red hot Cherokee Street! Each 2 bedroom unit is roughly 1400 sq ft. Total expected monthly rent is $3200. 2 units currently rented. Upper units have an office or small 3rd bedroom. The parcel also includes as 25x130 ft side lot and two 2 car garages. The units retain much of the original character with original trim/moldings and doors. Building also features forced air, newer gas furnaces, new a/c's, circuit breakers and plumbing updates. A block away from Cherokee's central business district which has many restaurants, shops, art galleries, and live music. This location is a short bike ride to Tower Grove & Benton Park. Side lot also represents one of the only opportunities to control a buildable lot anywhere on Cherokee Street. Cash flow? Townhouse Conversion plus new build? Possibilities are endless!

Additional Information

Gross Operating Income
37800
Total Expenses
$7,277
School District
St. Louis City
Elementary School
Froebel Elem.
Jr. High School
Fanning Middle Community Ed.
Sr. High School
Roosevelt High
Construction
Brick/Stone Msn Pred
Parking Description
3-4 Car Detached Grg, Off Street
Operating Expenses
Fixed Expenses
Cooling
Ceiling Fan, Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Taxes Paid
607
Selling Terms
Cash, Conventional, FHA

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Gold VI. Selling Office: .

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