5010 Chippewa, St Louis, MO 63109

$259,000
3,176
SqFt
List Price
$259,000
Days on Market
39
MLS#
18081199
Status
CONTINGENT NO KICKOUT
Lot Size
6,490
Acres
0.149
Sq. Ft. Above
3,176
Price Per Sq. Ft
81.55
Year Built
1926
Age
92
Subdivision
Northampton Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Excellent opportunity to purchase an updated turn-key four family in the Southampton neighborhood. Features include renovated eat-in kitchens with updated cabinets, newer appliances including dishwasher, microwave, fridge and garbage disposal. Units have updated baths, refinished hardwood floors with central air. The first floor units are vacant which previously rented for $700 have 4 rooms with bonus room including closet which could be used as a kids bedroom, office, storage or walk-in closet. The second floor units rent for $750 and $775 ($25 for pet rent), when fully rented the monthly gross income is $2,925 a month, $35,100 annually with expenses of $7,002 creating an annual net income of $28,098. Building has a decorative clay tile roof, new large parking pad in the rear of the building which fits 8 cars, newer condensers with cages, newer siding, newer furnaces, recently updated electric, updated PVC plumbing, separate storage for all units, washer dryer hookups for all tenants.

Additional Information

Gross Operating Income
35100
Total Expenses
$7,002
School District
St. Louis City
Elementary School
Buder Elem.
Jr. High School
Long Middle Community Ed. Center
Sr. High School
Roosevelt High
Construction
Brick Veneer Predom, Brick/Stone Msn Pred
Parking Description
Additional Parking, More Than 1 Spc/Unit, Off Street, Open Lot, Unassigned
Operating Expenses
Fixed Expenses, Lawn Care, Maintenance, Management, Supplies
Cooling
Central-Gas
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Taxes Paid
1946
Selling Terms
Cash, Conventional, FHA, Government, Private, VA

Mortgage Calculator

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Listing courtesy of Invest St. Louis.

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