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3130 Gasconade ST St Louis, MO 63118
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Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 8,892 sqft
Price per Sqft $53
Subdivision City Commons Add
MLS Listing ID 22034151
Sold Date 08/16/22
Construction Status 74
Year Built 1948
Building Age 74
Lot Size 9,932 Sqft
Acres 0.228
Lot Dimensions 79 x 125
Property Description
Looking to add a money maker to your real estate portfolio? Act fast, this is a perfect well kept Multifamily Investor Opportunity with low maintenance cost! Cap rate is 9.9% at list price and is sold separately to its sister building next door (4100 S Compton Ave) which could be sold as a package. There are 8 true 1 BR / 1 BA apartments (not shotgun style) approx. 1000 sq ft each. Rents range $550-600; rents are $150-$200 per unit below MV and can be raised at next renewal for each tenant. Street parking. Basement
storage unit and W/D hook up for each unit provided. Individual furnaces. Wood flooring and Ceramic tile in both kitchen & bath. Central air, Electric W/H; Gas furnaces. Poured foundation. Architectural roof with a 25 yr warranty installed 2018. Across the street from Marquette Park. Building is fully occupied except for one unit held vacant for showing. Property has been meticulously maintained. Submit offers on Special Sale Contract. Please do not disturb tenants.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air, Individual Furnaces
Cooling Ceiling Fan(s), Electric
Fireplace N
Laundry Lndry Connect all Un
Exterior
Parking Type On Street
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 74
Schools
Elementary Schools Meramec Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition Renovated, None
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Bought with Dean Eshelman