631 North 5th St, St Charles, MO 63301

$560,000
7,882
SqFt
List Price
$560,000
Days on Market
62
MLS#
18095277
Status
PENDING
Lot Size
7,275
Acres
0.167
Sq. Ft. Above
7,882
Price Per Sq. Ft
71.05
Year Built
1861
Age
158
Subdivision
City/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

School District
St. Charles R-VI
Elementary School
Blackhurst Elementary
Jr. High School
Jefferson / Hardin
Sr. High School
St. Charles High
Parking Description
Accessible Parking
Cooling
Ceiling Fan, Window Unit(s)
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Electric
Taxes Paid
3737
Selling Terms
Conventional

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Apartment Advisors of America LLC.

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