4050 Delmar

    St Louis, MO 63108
    • $325,000
    • STATUS: Closed
    • ON SITE: 104 days
    • ID#: 18093737
    Sold - 01/25/2019
    $325,000
    SOLD - 01/25/2019
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,488
      SQFT
    • $59
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    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.

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    Listing information © 2019 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2019-03-21T23:49:16.023.

    Clarity Street Realty: 314-963-7300
    www.claritystreetrealty.com/homes/89929656

    4050 Delmar St Louis, MO 63108

    • Price: $335,000
    • Status: Closed
    • Updated: 189 min ago
    • ID#: 18093737
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    5,488
    SQFT
    $59
    $/SQFT
    1925
    Built
    Neighborhood:
    Delmar Ave Add
    County:
    St Louis City
    Area:
    Central West
    Elementary School:
    Pamoja Prep / Cole
    Middle School:
    Pamoja Prep / Cole
    High School:
    Sumner High
    School District:
    St. Louis City
    Property Description
    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.
    Exterior Features

    Building Style Mid-Rise 3Or4 Story Construction Brick/Stone Msn Pred Location City Lot Dimensions 143X29 Parking Description On Street Parking

    Interior Features

    Building Unit Info Smoke/Alarm DetectorSome Units Furnished Cooling Window Unit(S) Heat Source Gas Heating Forced AirHot Water/Steam Laundry No Laundry Facil. Water Heater Gas

    Property Features

    Association St. Louis Association of REALTORS BLDFIN Accounting/LegalAdvertisingInsuranceLicenses/PermitsManagementMaintenance/RepairsUtilities Cable Available Yes Conditions Unknown Contingent Info Subject To FinancingSubject To Inspec. Cross Street Address Sarah Disclosures Sellers Discl Not Av Efficiency Rent 800 Efficiency Units 17 Gross Operating Income 126274.00 Lot Size Source County Records Net Income 59739.00 Occupant Type Tenant Ownership Private Possession At Closing Possible Buyer Fees YN No Propane Tank None Property Type Multi-Family 5+ Sale Includes Building & Land Selling Terms CashConventionalExchangePrivateOther Sewer Public Some Include RefrigeratorRange/Oven Special Listing Conditions None Square Footage Source County Records Tax Year 2018 Taxes Paid 4787 Tenancy Type Month To MonthOther Tenant Pays Other Total Expenses 66535.00 Transaction Type Sale Type Apartment ComplexApt Bldg/Interior En Water Public

    Listing provided courtesy of Invest St. Louis. Listing information © 2019 Mid America Regional Information Systems, Inc.
    Listing information © 2019 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2019-03-21T23:49:16.023.

    Clarity Street Realty: 314-963-7300
     
    Clarity Street Realty
    1712 S. Big Bend Blvd
    St. Louis MO, 63117