5855 Washington, St Louis, MISSOURI 63112

$1,195,000
12,000
SqFt
List Price
$1,195,000
Days on Market
14
MLS#
20000254
Status
ACTIVE
Living Sq. Ft
12,000
Lot Size
9,365
Sq. Ft. Above
12,000
Acres
0.215
Year Built
1915
Age
105
Subdivision
Washington Heights Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

EXTREMELY RARE - Massive, fully occupied gut renovated 12 family blocks from Washington University. Tenants/Owners can walk to Campus, Forest Park, the Loop, the CWE and tons of retail. The Building is half one's and half two's featuring: refinished hardwood floors, large new windows, new lateral/plumbing, electric, kitchens/baths, forced heat, central air, and W/D in unit. A brand new 20+ year-warranty roof was installed a couple months ago, along with brand new steel porches/fire escape. There is gated off street parking, and storage available in the basement. The units are rented to Wash U students but have not seen rent increases in years. There is tons of upside on this one; property runs in place btw 6.5-7% cap and can easily be north of a 10% cap with little effort - you wont find this deal in a 63112 zip code. Add some personal touches, or just cash your rent checks – this property provides perfect value for someone looking to live & invest in a Class A neighborhood.

Additional Information

Gross Operating Income
94715
Total Expenses
$20,722
School District
St. Louis City
Elementary School
Adams Elem.
Jr. High School
Blewett Middle
Sr. High School
Beaumont Cte High School
Construction
Brick/Stone Msn Pred
Parking Description
Other, Parking Lot
Cooling
Ceiling Fan, Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Electric
Price Per Sq. Ft
99.58
Taxes Paid
6231
Selling Terms
Cash, Conventional, Other

Mortgage Calculator

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Listing courtesy of St. Louis Apartment Experts, LLC.

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