Solid brick building features six units, each with 2 bedrooms, 1 bath, eat-in kitchen, and living room. Slab foundation, front and rear entry. One unit suffered a fire so take care when showing - significant rehab will be required. Other units have smoke damage and will require haul out and rehab. Updated vinyl windows within the last few years, but some of them have been broken. Off-street parking behind the building. Rentometer shows nearby rent per sf at $1.15, $.93, and $.99 for an average of $1.0233 per sf; with each unit at 775 sf, pro forma rent would be $793.05 / month. $793 x 6 units 12 months = 57,096 per year, less 10% vacancy = $51,386. Expenses when occupied: Taxes - $3148. Insurance - $1800. Sewer - $1800. Water - $1200. Trash - $1440. Maintenance - $3000. Lawn $620. Total: 13,008.
Mls | 24068859 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Active Under Contract |
Year | 1960 |
Days On Site | 36 |
Listing Provided By | Worth Clark Realty | Tammy Derrigan |
Sq Feet | 4,650 |
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Units | 6 |
Acreage | 0.19 |
State | MO |
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County | St Louis |
City | St Louis |
Zip Code | 63133 |
Area | Normandy |
Community Name | Watsons Fruit Hill |
School District | Normandy High |
Elementary School | Barack Obama Elementary School |
Middle School | Normandy Middle |
High School | Normandy High |
Listing VS Median (in Watsons Fruit Hill) | |
Price: $96,000 low | high Med: $58,950 SqFt: 4,650 low | high Med: 2,941 $ / SqFt: $21 low | high Med: $19 On Site: 36 low | high Med: 92.000000 |