4235 Gibson, St Louis, MO 63110

$500,000
4,416
SqFt
Sold Price
$500,000
List Price
$492,000
Closing Date
Feb 28, 2018
Days on Market
2
MLS#
18003942
Status
SOLD
Living Sq. Ft
4,416
Lot Size
3,267
Sq. Ft. Above
4416
Acres
0.075
Year Built
1897
Age
121
Subdivision
Mcree Place Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

HOT opportunity for turn-key 4-family in The Grove. 10% Cap! Each renovated unit is 1000+ sf 2+bd/1ba, In-unit laundry, hardwood, low-e windows, stainless appliances. 1st flr units have deck leading to huge fenced backyard. 2nd flr units w/ bonus room & new staircases. NEW private parking, deck, entry staircase and handrails. One block off Manchester w/ restaurants, venues, bars & shops at your front door. Walk to Cortex, Botanical Garden, Barnes, SLU, Ikea & more. Updated systems, newer roof, PVC stacks, copper lines, newer HVAC. Current owner maintains 70-95% occupancy w/ AIRBNB and has repeat business. Gross rents are $1700-2200/unit. Last long-term lease was $1175/unit. New single-family houses surround the building that sold for $500-750k. SELLING BUILDING AS BUSINESS FURNISHED AND FUTURE BOOKINGS THROUGH END OF MAY, W/ MANAGEMENT FOR THE BUYER UNTIL CURRENT BOOKINGS COMPLETED. Other option is cash-flow machine for owner-occupant, FHA eligible!

Additional Information

Gross Operating Income
81600
Total Expenses
$32,040
School District
St. Louis City
Elementary School
Adams Elem.
Jr. High School
Fanning Middle Community Ed.
Sr. High School
Vashon High
Parking Description
Additional Parking, Off Street, On Street Parking
Operating Expenses
Other
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
113.22
Taxes Paid
1510
Selling Terms
Cash, Conventional, FHA

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Quest Real Estate LLC. Selling Office: .

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