Listing Courtesy of Invest St. Louis
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Contingent No Kickout Status Multi-Family 5+
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This 17 unit building built in 1925 is located in the Central West End four blocks from St. Louis University with new construction homes being built on the block. The building has been operated as a weekly or monthly rental that comes fully furnished with utilities provided by the owner. 2017 income was $126,274 with annual expenses $66,535 for a net income of $59,739 a year with a cap rate of 17.8%. Priced under $20,000 per unit. The occupancy rate is usually around around 95%. The building has a boiler that was replaced in 2017, a new roof was also installed in 2017. There is individual electric for all of the units. There is a 3 car attached garage with storage area in the rear of the building. This building could be operated as it is currently or is or could be converted to long term or student housing. The furniture in the units is included in the sale and there are two vacant lots to the west of the building that could also be purchased separately and made into a parking lot.

Address: 4050 Delmar
State: MO
City: St Louis
County: St Louis City
Zip Code: 63108
Neighborhood: Delmar Ave Add
MLS#: 18093737
MLS Area: Central West
Taxes: $4,787

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:Window Unit(S)
  • Heating:Forced Air, Hot Water/Steam
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:
  • Garage Spaces:
  • Pool:No
  • Utilities:Gas
  • Lot Description:
  • Lot Size:143x29
  • Parking:On Street Parking

Community Details

  • HOA:St. Louis Association Of Realtor $0/mo
    Fees Include:

Rental Information

  • Rental Income:$0
  • Rental Number:0
Property Information Last Updated: 12/18/2018 7:32:12 PM
Property Listed By Invest St. Louis

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