3836 Wilmington, St Louis, MISSOURI 63116

$995,000
18,740
SqFt
List Price
$995,000
Days on Market
30
MLS#
19069997
Status
ACTIVE
Living Sq. Ft
18,740
Lot Size
15,594
Sq. Ft. Above
18,740
Acres
0.358
Year Built
1929
Age
90
Subdivision
Holly Hills Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

OUTSTANDING RARE OPPORTUNITY IN HOLLY HILLS!!! Here's your chance to own a fantastic 17-unit apartment complex that includes three large basements and a detached four car garage. This building has a perfect location as it is directly across the street from St. Stephen’s School and just a couple of blocks from beautiful Carondelet park! Tenants love the stunningly renovated units that are bright and roomy with hardwood floors throughout. With long term, qualified tenants, strong leases in place and only four units remaining to renovate, this is truly a turn-key opportunity. Great for someone looking for a low maintenance, turn-key investment that should yield an 8% cap rate. While 13 of the 17 apartments have had substantial renovations in 2018 and 2019, one more is currently under renovation and can be completed prior to closing. Buyer to purchase property "as-is".

Additional Information

School District
St. Louis City
Elementary School
Woerner Elem.
Jr. High School
Long Middle Community Ed. Center
Sr. High School
Roosevelt High
Construction
Brick/Stone Msn Pred
Parking Description
Parking Garage
Cooling
Ceiling Fan, Window Unit(s)
Sewer
Public
Heating
Hot Water/Steam
Water
Public
Heat Source
Gas
Price Per Sq. Ft
53.09
Taxes Paid
6849
Selling Terms
Cash, Conventional, Other

Mortgage Calculator

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Listing courtesy of Lauralei Properties, LLC.

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