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6424 Cates AVE St Louis, MO 63130
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Key Details
Sold Price $545,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 4,356 sqft
Price per Sqft $125
Subdivision North Parkview
MLS Listing ID 20013007
Sold Date 07/24/20
Construction Status 95
Year Built 1925
Building Age 95
Lot Size 5,184 Sqft
Acres 0.119
Lot Dimensions 40 x 132 / 40 x 128
Property Description
Wonderful opportunity to invest in a turnkey 4-unit apartment building right in the heart of the booming Delmar Loop
Offered at an 8.52% Cap Rate return, 6424 Cates Ave boasts $1,295/rents on all four units, fully leased through May 2021! Great updates throughout, almost all PVC plumbing and copper supply, updated electric panels, tile flooring in kitchens, updated bathrooms and kitchens -- no need for any major updates to achieve great cash-flows for years to come. Full Roof Repair undertaken in 2018, new vinyl windows everywhere. These sizeable two-bedroom units have sun rooms often used as third bedrooms. Fenced-in backyard, and four spots of off-street parking.
With all the continual development in the Delmar Loop, and nearby Washing University, this neighborhood has performed incredibly for investors for the, and is poised tremendously for future growth.
Invest today before it's gone!
Location
State MO
County St Louis
Area University City
Interior
Heating Forced Air
Cooling Gas
Fireplace N
Appliance Some Dishwasher(s), Some Refrigerator(s), Some Range Oven(s)
Building
Sewer Public Sewer
Water Public
Construction Status 95
Schools
Elementary Schools Flynn Park Elem.
Middle Schools Brittany Woods
High Schools University City Sr. High
School District University City
Others
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Evan Kuhn
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