4021 Meramec, St Louis, MISSOURI 63116

$630,000
15,306
SqFt
List Price
$630,000
Days on Market
97
MLS#
19031011
Status
ACTIVE UNDER CONTRACT
Living Sq. Ft
15,306
Lot Size
13,112
Sq. Ft. Above
15,306
Acres
0.301
Year Built
1928
Age
91
Subdivision
Grand Gravois Park Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Up for sale is this well-maintained, 16 unit building with welcoming courtyard which includes 13 garage spaces across 4 buildings. 2 of these garage buildings are located on a separate parcel at 3917 Alexander Rear, which is included in the sale at no additional cost. All of the apartments offer the same floor plan with a living room, kitchen, full bath, and a private bedroom. There are 4 separate basements. Rents average at $525 per unit with newer vacancies being filled at $550. The garage bays are leased separately from the apartments and bring in a good amount of additional income (9 of the 13 spaces are rented). The building boasts many updates including new windows in 2017, new roof in 2016, some recent tuckpointing, central air, and varied cosmetic updates to the individual apartments. This is a wonderful, turn-key opportunity with plenty of upside for steady revenue generation. 2 vacant units + basements can be shown by appt. and the rest with an accepted offer.

Additional Information

School District
St. Louis City
Elementary School
Oak Hill Elem.
Jr. High School
Long Middle Community Ed. Center
Sr. High School
Roosevelt High
Construction
Brick/Stone Msn Pred
Parking Description
Other
Cooling
Ceiling Fan, Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
41.16
Taxes Paid
6474
Selling Terms
Cash, Conventional

Mortgage Calculator

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Listing courtesy of St. Louis Real Estate Society.

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