7701 Virginia Avenue, St Louis, MISSOURI 63111

$499,500
11,188
SqFt
List Price
$499,500
Price Change
▼ $45,500 1569698735
Days on Market
189
MLS#
19060236
Status
ACTIVE
Living Sq. Ft
11,188
Lot Size
7,013
Sq. Ft. Above
11,188
Acres
0.161
Year Built
1894
Age
126
Subdivision
Carondelet City Bl 3111
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Amazing location & historically significant brick building w/ extra lot providing private green space for tenants. Fully occupied, 12 unit building in the hot "Patch" neighborhood with a 10.4% Cap rate. This 2-story brick building once housed a local bakery & confectionery before being converted to residential use. There are (10) 1-bedrm units & (2) 2-bedrm units, dry basement w/ storage lockers & a huge shed currently used for storage & work shop but could easily be converted to more tenant storage or on-site laundry. All units have circuit breakers & forced air gas heat - all individually metered. Renewable silicone roof is less than 3 yrs old & shed roof is less than a year old, both with 10 year warranties @ install. Updates in the last 3 years include tuck pointing, roof, (6) water heaters & interior updates. In the last 10 years - wood decks & vinyl windows. Owners have spent the last 3 years improving the property & placing solid tenants. This property is truly turn key!

Additional Information

Gross Operating Income
79680
Total Expenses
$27,628
School District
St. Louis City
Elementary School
Woerner Elem.
Jr. High School
Lyon-Blow Middle
Sr. High School
Roosevelt High
Construction
Brick/Stone Msn Pred
Parking Description
On Street Parking
Cooling
Window Unit(s)
Sewer
Public
Heating
Forced Air, Individual Furnaces
Water
Public
Heat Source
Gas
Price Per Sq. Ft
44.65
Taxes Paid
4484
Selling Terms
Cash, Conventional

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of St. Louis Home Brokers.

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