5211 Alaska Avenue

    St Louis, MO 63111
    • $155,100
    • STATUS: Closed
    • ON SITE: 51 days
    • ID#: 20009658
    Sold - 03/31/2020
    $155,100
    SOLD - 03/31/2020
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,740
      SQFT
    • $41
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:
    Area:

    School Information

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

    Description

    Investors - This updated South City 4 family is ready for you to make a GREAT ROI. New windows, new furnaces, newer electric panels, newer plumbing stacks, central AC to be installed in all units prior to closing. 3 of the 4 units rented. The vacant unit was just rehabbed and is rent ready. Market rent for the vacant unit is $600-650. Current tenants are mo-to-mo and below market at $414, $550, & $500. Occupied units are fine, but not updated like the vacant unit. Once the vacancy is filled income would be $23,136/yr. At an operating expense ratio of 35%, NOI would be $15,038 making this a 10.78 CAP. Plenty of room to raise rents as is. Update the 3 units for further increases. Also perfect for an owner occupant to take the vacant unit and have the other 3 units pay the mortgage and other expenses. This is a great deal any way you look at it. Please do not disturb tenants. One vacant unit & half of the basement available to show prior to an accepted contract. No leases available.

    Monthly Payment Calculator

    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-04-06T15:48:55.6.

    Clarity Street Realty: 314-963-7300
    www.claritystreetrealty.com/homes/103263197

    5211 Alaska Avenue St Louis, MO 63111

    • Price: $139,500
    • Status: Closed
    • Updated: 60 min ago
    • ID#: 20009658
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,740
    SQFT
    $41
    $/SQFT
    1912
    Built
    Neighborhood:
    St Louis Add
    County:
    St Louis City
    Area:
    South City
    Elementary School:
    Woodward Elem.
    Middle School:
    Lyon-Blow Middle
    High School:
    Roosevelt High
    School District:
    St. Louis City
    Property Description
    Investors - This updated South City 4 family is ready for you to make a GREAT ROI. New windows, new furnaces, newer electric panels, newer plumbing stacks, central AC to be installed in all units prior to closing. 3 of the 4 units rented. The vacant unit was just rehabbed and is rent ready. Market rent for the vacant unit is $600-650. Current tenants are mo-to-mo and below market at $414, $550, & $500. Occupied units are fine, but not updated like the vacant unit. Once the vacancy is filled income would be $23,136/yr. At an operating expense ratio of 35%, NOI would be $15,038 making this a 10.78 CAP. Plenty of room to raise rents as is. Update the 3 units for further increases. Also perfect for an owner occupant to take the vacant unit and have the other 3 units pay the mortgage and other expenses. This is a great deal any way you look at it. Please do not disturb tenants. One vacant unit & half of the basement available to show prior to an accepted contract. No leases available.
    Exterior Features

    Building Desc Flat/Shotgun/Ext Ent Construction Brick/Stone Msn Pred Lot Dimensions 40X140 Parking Description On Street Parking

    Interior Features

    Appliances Some Some Insultd WindowsSome Refrigerator(S)Some Range Oven(S)Some Shower Bath(S)Some Smoke/Alarm DetSome Window Treatmnt Cooling Central-Electric Heat Source Gas Heating Forced Air Miscellaneous BasementDeck Water Heater Gas

    Property Features

    Assoc Fee 0 Assoc Fee Paid None Association St. Louis Association of REALTORS Cable Available Yes Conditions Unknown Contingent Info Subject To FinancingSubject To Inspec. Cross Street Address Walsh St Disclosures Occupancy Perm ReqSellers Discl. Avail Fixed Expenses InsuranceTaxes Gross Operating Income 23136.00 Lot Size Source County Records Net Income 15038.00 Operating Expenses Maintenance Ownership Private Possession At ClosingTenants Rights Possible Buyer Fees YN No Propane Tank None Property Type Multi-Family 2-4 Selling Terms CashConventional Sewer Public Special Description Renovated Special Listing Conditions None Square Footage Source County Records Tax Year 2019 Taxes Paid 1048 Tenancy Type 1 Or More VacantLeasesMonth To Month Tenant Pays ElectricGas Total Expenses 8098.00 Transaction Type Sale Type Of Units 4-Family Water Public

    Listing provided courtesy of Salient Realty Group, Llc. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-04-06T15:48:55.6.

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