6048 Washington, St Louis, MO 63112

$699,900
4,012
SqFt
List Price
$699,900
Price Change
▼ $30,000 1547528866
Days on Market
78
MLS#
18091764
Status
ACTIVE
Lot Size
4,269
Acres
0.098
Sq. Ft. Above
4,012
Price Per Sq. Ft
174.45
Year Built
1923
Age
96
Subdivision
Washington Heights Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Recently renovated 4 family walking distance to Wash U, Forest Park and The Loop. Renovation included all new kitchens with high end cabinets, granite counter tops, stainless steel appliances, in unit laundry. Units have all new updated baths, new flooring, all new windows, new updated electric including ext electric service, central air. There is a large detached four car brick garage. There are two 2 bed 2 bath units and two 2 bed 1 bath units were all recently rented to Wash U grad students for $1,295,$1,295,$1,295 and $1,195. Units not leased at ideal times but leases expire at ideal times, rents could be raised to $1,395 for the 2 bed 2 baths and $1,295 for the 2 bed 1 baths when the leases expire. Half of garage rented for $150/month. Total rent can be raised additional $6,600 annually. Currently priced at a 7% cap with ability to raise to 8% cap. A 6 family at 6275 Enright just sold for $1,150,000 ($191,660 a unit) and a 2 family at 6030 Washington for $357,500 ($178,750 a unit)

Additional Information

Gross Operating Income
62760
Total Expenses
$13,788
School District
St. Louis City
Elementary School
Hamilton Elem. Community Ed.
Jr. High School
Langston Middle
Sr. High School
Sumner High
Construction
Brick/Stone Msn Pred
Parking Description
3-4 Car Detached Grg, On Street Parking
Operating Expenses
Advertising, Fixed Expenses, Lawn Care, Maintenance, Management
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Taxes Paid
3230
Selling Terms
Cash, Conventional, Exchange, Government, Private, VA

Mortgage Calculator

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Listing courtesy of Invest St. Louis.

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