3150 Arkansas, St Louis, MO 63118

$589,000
6,600
SqFt
List Price
$589,000
Days on Market
22
MLS#
19010678
Status
ACTIVE UNDER CONTRACT
Living Sq. Ft
6,600
Lot Size
7,492
Sq. Ft. Above
6,600
Acres
0.172
Year Built
1927
Age
92
Subdivision
Tower Grove Heights
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

This immaculate property in red-hot Tower Grove East is a rare turnkey opportunity -- with upside! Building includes six sought-after 1br apartments and two 2-br apartments - fully-rented and cash-flowing. Roof, decks, windows, systems and most kitchens and baths have all been updated, so there are no big-ticket repairs on the horizon. Leases set to renew in June, so now is the time to increase the rents to match your revenue goals. Unbeatable location, just steps from Rooster, Guerilla Street Food and fabulous Tower Grove Park. The many nearby amenities make renting a breeze - current owner has never had an unintentional vacancy! Two units available for showings. Additional units can be seen with accepted contract. Call today for an appointment!

Additional Information

Gross Operating Income
68112
Total Expenses
$26,223
School District
St. Louis City
Elementary School
Shenandoah Elem.
Jr. High School
Fanning Middle Community Ed.
Sr. High School
Roosevelt High
Construction
Brick/Stone Msn Pred
Parking Description
On Street Parking
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
89.24
Taxes Paid
4427
Selling Terms
Cash, Conventional

Mortgage Calculator

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Listing courtesy of Red Key Realty St. Louis.

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