4770 Kings, St Louis, MISSOURI 63116

$995,000
15,767
SqFt
List Price
$995,000
Days on Market
2
MLS#
20003081
Status
PENDING
Living Sq. Ft
15,767
Lot Size
13,678
Sq. Ft. Above
15,767
Acres
0.314
Year Built
1966
Age
54
Subdivision
Kingshighway Terrace Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Outstanding opportunity to purchase a well maintained 20 unit apartment complex located on a quiet street in Princeton Heights neighborhood. Built in 1966 this building has many upgrades including a recently replaced TPO fully adhered roof, 2 recently updated units, updated vinyl windows, all units have central air with 8 newer condensers, some newer furnaces, exterior paint, etc. Potential to raise rents and add value with additional cosmetic updates to the units. There are 12 one bedroom units and 8 two bedroom units. The updated 2 bedroom unit is currently being marketed at $735 and the 1 bedroom at $565. 2 bedrooms in the area rent from $600-$800 with 1 bedrooms renting from $500-$700 depending on updates and size. Building features off street parking, storage units in the basement for tenants, there are washer and dryer hookups and potential to add additional income with laundry in the basement. The 2019 rental income was $121,113. Inquire for more detailed financial information

Additional Information

School District
St. Louis City
Elementary School
Buder Elem.
Jr. High School
Long Middle Community Ed. Center
Sr. High School
Roosevelt High
Construction
Brick Veneer Predom
Parking Description
Parking Lot
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
63.11
Taxes Paid
8429
Selling Terms
Cash, Conventional, Private, Other

Mortgage Calculator

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Listing courtesy of Invest St. Louis.

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