3605 Meramec Street, St Louis, MO 63116

$710,000
List Price
$710,000
Price Change
▼ $50,000 1666296742
Days on Market
189
MLS#
MAR22018017
Status
ACTIVE
Lot Size
3,093
Sq. Ft. Above
14,216
Acres
0.07
Subdivision
Grand Meramec Park Add
Municipality
St. Louis City
School District
St. Louis City
County
St Louis City
Year Built
1926
Listing Type
Commercial

Property Description

This is a solid mixed-use property with 4 commercial spaces, 6 efficiency units, and 4 1-bed units. All the residential units have a private balcony so even the efficiency units feel spacious. (Listing shows the commercial spaces as 2-bed units). Seven of the ten residential units have been updated with laminate wood flooring and hotel-style heating and air conditioning wall units. The commercial units have central air. The building is structurally sound and has updated plumbing and electric. Large basement is not used by tenants and would be great for your building supply storage needs – or rent it out. Great visibility and easy access to public transportation. One commercial unit is currently vacant, perfect for an owner occupant. With existing current rents plus $650 for the vacant unit, less current operating expenses (see RPV in supplements), this property has an NOI of $47,871, making it a 6.298% cap at asking price. The vacant unit is being newly advertised for $750.

Additional Information

Elementary School
Buder Elem.
Jr. High School
Long Middle Community Ed. Center
Sr. High School
Roosevelt High
Association Fee
$['0']
Construction
Brick
Parking Description
On Street, Parking Lot
Lot Dimensions
IRR
Amenities
Some Balc/Some Terrc
Cooling
Wall Unit(s), Electric
Sewer
Public Sewer
Heating
None
Water
Public
Heat Source
Gas
Price Per Sq. Ft
49.94
Taxes Paid
5611
Selling Terms
Cash Only, Conventional, Exchange, Private, Other
Transaction Agent Commission
1
Buyers Agent Commission
2.7

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Radius Realty.

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