3147 Cherokee Street, St Louis, MISSOURI 63118

$350,000
2,750
SqFt
List Price
$350,000
Days on Market
4
MLS#
20033881
Status
ACTIVE
Living Sq. Ft
2,750
Lot Size
4,356
Sq. Ft. Above
2,750
Acres
0.1
Year Built
1909
Age
111
Subdivision
Mcadaras Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Commercial

Property Description

Excellent opportunity to own this completely updated (and occupied) mixed-use building on lively Cherokee Street! The main floor is a restaurant with bar area, kitchen, spacious dining area & great outdoor patio space. The 2nd floor is a beautiful, 2BR apartment with 3rd bonus. Large living room with exposed brick, glowing hardwood floors, high ceilings & updated fixtures. The gorgeous kitchen has newer cabinets, counters, appliances, & tile floors. Private laundry. Rear BR has newer carpet, while front BR has beautiful hardwood. The bonus room would make a great home office/3rd BR. The bathroom has also been updated and even includes a jetted tub! The rear has off-street parking lot for the tenants. The building has been very well maintained. Restaurant leased through March of 2022. Apartment currently being rented month-to-month (were buyer wanting to be owner occupant), however tenant has expressed interest in staying long term. 2019 financials in attachments showing 7.7 Cap rate.

Additional Information

Construction
Conventional
Parking Description
Concrete
Lot Dimensions
.100
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Price Per Sq. Ft
127.27
Taxes Paid
3116
Buyer's Agent Commission
2.5
Selling Terms
Cash, Conventional

Mortgage Calculator

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Listing courtesy of RE/MAX Vision.

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