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!

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

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Calculator source: Real Geeks

Listing courtesy of Mary Lewis Realty. Selling Office: Keller Williams Chesterfield.

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