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5096 Minerva AVE St Louis, MO 63113
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Key Details
Sold Price $337,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 19,716 sqft
Price per Sqft $17
Subdivision Lucas & Hunt Add
MLS Listing ID 19070208
Sold Date 01/24/20
Construction Status 111
Year Built 1909
Building Age 111
Lot Size 8,799 Sqft
Acres 0.202
Lot Dimensions 0 x 0
Property Description
l3 unit apartment complex (brick) in North St. Louis City. 6-3 bedroom1 bath apartments, 2-2 bedroom 1 bath apartments, l-2 bedroom 1 bath townhouse, and 4-1 bedroom 1 bath apartments. The 3 bedrooms rent for $800-$825, 2 bedrooms rent for $600-$750 per month , and the 1 bedrooms rent from $550-$625 per month. The annual gross revenue is in excess of $112,000 at full occupancy. Current occupancy is 70 percent with 4 units that are rent ready. The 2018 annual real estate taxes was approximately $3,000, owner paid utilities in 2018 was approx $3,607.15 Water-Trash 2018 $2,945.40 Sewer 2018. The property/liability insurance with a $550.000 Replacement Cost limit with a $10,000 deductible is approximately $2,900. The prospective buyer needs to have good credit, have pre-approved financing, a line of credit and/or cash for a transaction of this size. A Proof of Funds letter will be required prior to investing the time of scheduling walk throughs of the property for potential Sale Contract.
Location
State MO
County St Louis City
Area North
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Other
Exterior
Parking Type On Street
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 111
Schools
Elementary Schools Hamilton Elem. Community Ed.
Middle Schools Yeatman-Liddell Middle School
High Schools Sumner High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only
Listing Terms Cash Only
Special Listing Condition None
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Bought with Jody Tiberghien