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5470 Loughborough AVE St Louis, MO 63109
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Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 3,250 sqft
Price per Sqft $123
Subdivision Gravois Loughborough Place Add
MLS Listing ID 21003946
Sold Date 03/10/21
Construction Status 80
Year Built 1941
Building Age 80
Lot Size 5,271 Sqft
Acres 0.121
Lot Dimensions 50x105
Property Description
Great for owner occupant or add this easily managed and collected gem to your portfolio.
Spotless building with newer systems and updated mechanicals. Needs nothing but to fill the vacancy held for showing purposes. Vacant unit was getting $725, current average rents are $680. Great opportunity to raise rents and increase ROI.
3/4 units are updated like the pictures show.
Detached 3 car brick garage brings in additional income and tenants love having a garage.
Blocks from popular restaurants and bars as well as Wilmore Park in St. Louis Hills.
Solid 12% Cash on Cash.
First showing to occur week of 1/25/2021.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Appliance Some Dishwasher(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s)
Exterior
Parking Type 3-4 Car Detached Grg
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 80
Schools
Elementary Schools Buder Elem.
Middle Schools Henry Elem.
High Schools Beaumont Cte High School
School District St. Louis City
Others
Ownership Private
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition None
Read Less
Bought with Christopher Thiemet
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