6424 Cates Avenue, St Louis, MISSOURI 63130

$549,000
4,356
SqFt
List Price
$549,000
Days on Market
36
MLS#
20013007
Status
ACTIVE
Living Sq. Ft
4,356
Lot Size
5,184
Sq. Ft. Above
4,356
Acres
0.119
Year Built
1925
Age
95
Subdivision
North Parkview
Municipality
University City
County
St Louis
Listing Type
Multifamily

Property Description

Wonderful opportunity to invest in a turnkey 4-unit apartment building right in the heart of the booming Delmar Loop Offered at an 8.52% Cap Rate return, 6424 Cates Ave boasts $1,295/rents on all four units, fully leased through May 2021! Great updates throughout, almost all PVC plumbing and copper supply, updated electric panels, tile flooring in kitchens, updated bathrooms and kitchens -- no need for any major updates to achieve great cash-flows for years to come. Full Roof Repair undertaken in 2018, new vinyl windows everywhere. These sizeable two-bedroom units have sun rooms often used as third bedrooms. Fenced-in backyard, and four spots of off-street parking. With all the continual development in the Delmar Loop, and nearby Washing University, this neighborhood has performed incredibly for investors for the, and is poised tremendously for future growth. Invest today before it's gone!

Additional Information

Gross Operating Income
59052
Total Expenses
$14,763
School District
University City
Elementary School
Flynn Park Elem.
Jr. High School
Brittany Woods
Sr. High School
University City Sr. High
Parking Description
Off Street
Operating Expenses
Fixed Expenses, Heat/Cooling, Maintenance, Snow Removal, Supplies
Cooling
Central-Gas
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
126.03
Taxes Paid
5172
Buyer's Agent Commission
2.5
Selling Terms
Cash, Conventional

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Evan Kuhn, Broker.

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