631 5th, St Charles, MO 63301

$574,999
7,882
SqFt
List Price
$574,999
Price Change
▼ $20,000 1532388524
Days on Market
162
MLS#
18037016
Status
ACTIVE
Lot Size
7,279
Acres
0.1671
Sq. Ft. Above
7,882
Price Per Sq. Ft
72.95
Year Built
1860
Age
158
Subdivision
City of St. Charles
Municipality
St. Charles
County
St Charles
Listing Type
Multifamily

Property Description

Location, location, location!!! Very rare opportunity to acquire a multi-family historic building in a popular historic St. Charles downtown area. Recently renovated and 100% occupied 9-unit apartment building - 3 one bedrooms and 6 large studio apartments with 10' ceilings. Rents below market, well positioned to increase rents substantially by making cosmetic changes. A great value-add opportunity, all 9 leases have been renewed till spring 2019, listed at an attractive 8.3% cap rate. Conveniently located on a popular 5th street, very smooth running and low maintenance. New architectural shingles, new gutters, new hallway flooring, interior hallway paint. Enjoy Main Street, Frenchtown, and all the activities of city living. Within minutes of Main Street, Lindenwood University, Ameristar Casino, Shopping centers, Restaurants, Bars. Parks, and St. Johns Hospital. Walking distance to River Front, Main Street, and Frontier Park. Owner is a licensed real estate professional.

Additional Information

Gross Operating Income
60760
Total Expenses
$11,204
School District
St. Charles R-VI
Elementary School
Blackhurst Elementary
Jr. High School
Jefferson / Hardin
Sr. High School
St. Charles High
Construction
Brick Veneer Decrtv
Parking Description
On Street Parking, Parking Lot
Cooling
Ceiling Fan, Window Unit(s)
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Taxes Paid
3737
Selling Terms
Cash, Conventional

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Gundaker.

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