4977 Quincy St, St Louis, MO 63109

Property Description

Investors and house hackers, this is a unicorn; see the end of the marketing remarks for specifics. First, let’s talk building information. This spacious brick duplex in desirable Princeton Heights (one of the gems of South City) is within walking distance of Willmore Park, Carondelet Park, hatch’d STL, Onesto, and Aldi. Each unit features a living room with stained glass windows, eat-in kitchen, two bedrooms, one bathroom, and a sunroom that’s perfect for enjoying morning coffee. Capital expenditures done to improve the property within the last several years include central air throughout, a new roof, chimney tuck pointing, and some new windows. Outside you’ll find a fenced backyard and off-street parking for two cars. 1F is occupied by long term tenants of 20 years (with minimal rent increases). 2F was occupied by a long-term tenant of 10 years until July, with the most recent rent being $1100. A passing occupancy permit is in place for the vacant 2F, allowing for immediate move-in. Roof is new within the last several years. Condenser units are circa 2020/2021, water heaters circa 2018/2020. Stack is partially PVC. Electric panels are circuit breakers. Some new windows. ***Now let’s talk unicorn details: Seller STRONGLY prefers seller financing for tax reasons! However, not every buyer will qualify - must have good credit, a minimum of $20K down payment, and experience with being a landlord. Strong buyers will be offered 6% seller financing for the balance; other candidates may be considered with a higher interest rate.*** Ask your Realtor for the disclosures and additional information available in the supplements.