6424 Cates Avenue, St Louis, MO 63130
- $605,500
- Sold Price
- $605,500
- List Price
- $574,900
- Closing Date
- Feb 10, 2022
- Days on Market
- 0
- MLS#
- MAR22000385
- Status
- CLOSED
- Lot Size
- 5,184
- Sq. Ft. Above
- 4,356
- Acres
- 0.119
- Year Built
- 1927
- Subdivision
- North Parkview
- Municipality
- University City
- County
- St Louis
- Year Built
- 1927
- Listing Type
- Multifamily
Property Description
Wonderful opportunity to invest in a turn-key 4-unit apartment building right in the heart of the booming Delmar Loop. Offered at an 8.52% Cap Rate Return,6424 Cates boasts $1325 rents on all four units leased through May/June 2022.Great updates throughout, almost all PVC plumbing and copper supply, updated electrical panels, tile flooring in the kitchens, updated bathrooms and kitchens, - NO need for any major updates to achieve great cash-flows for years to come. Full roof repair in 2018, new vinyl windows everywhere. These sizable 2-bedroom units have sunrooms often used as a third bedroom. Fenced-in back yard, and four spots of off street parking. With the continual development in the Delmar Loop and the nearby Washington University, this neighborhood has performed incredibly well for investors and is positioned nicely for future growth...Call today before it's gone!
/u.realgeeks.media/stlouisrealestatesearch/MORE_logo_2020_High_Res.jpg){kind=logo}
Additional Information
- School District
- University City
- Elementary School
- Flynn Park Elem.
- Jr. High School
- Brittany Woods
- Sr. High School
- University City Sr. High
- Association Fee
- $[u'0']
- Parking Description
- Off Street
- Cooling
- Electric
- Sewer
- Public Sewer
- Heating
- Forced Air
- Water
- Public
- Heat Source
- Gas
- Price Per Sq. Ft
- 139
- Taxes Paid
- 6999
- Selling Terms
- Cash Only, Conventional
- Transaction Agent Commission
- 2.5
- Buyers Agent Commission
- 2.5
Mortgage Calculator
Listing courtesy of Mary Lewis Realty. Selling Office: Keller Williams Chesterfield.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
