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Saint Louis, MO, 63115 • Penrose • Saint Louis City
$1/sqft
2Beds
1Baths
2,450Sqft
0.1 acLot
1928Built
City Views
City
Character Home
Built 1928 · 98 years of history
Hardwood Floors
Quality flooring throughout
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7 views
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2601 days on market
Established listing
$1/sqft
Price per square foot
Multi Family · Built 1928 · Historic
IMPORTANT: READ THIS ENTIRE DESCRIPTION. WE WILL NOT RESPOND TO YOUR CALL OR TXT UNTIL YOU HAVE: This is work in progress. At the end of the project will be a fantastic rental. 2 like 1225 sq ft open plan 2 bed 1 bath apartments (one up...one down) with a full dry basement. So far we have fixed the roof, removed a rear addition that was unsafe. It will be replaced with either a new addition adding a bedroom to each unit or a nice deck overlooking the back yard. The brick work is in great shape as in the general structure. 95% of the walls, ceilings and floors just need to be cleaned up/painted/refinished. There is a part of the ceiling in both kitchens and the flooring that have water damage due to the roof leak prior to us purchasing the property. The big ticket items needed: 2 New HVAC units with Ductwork OR several Mini-Split Systems Rear Exterior decks or addition New electric Panels and some electrical. There was electric service in the duplex but someone broke in and took the panels and a little of the wiring in the basement. The lower apartment is plumbed and all connects are working. The upper needs PEX run to the sinks and tub...drain lines are fine. The roof over the porch is soft and will need to be replaced but structurally the porch is fine I believe It needs a minimum of 7 windows replaced Both Kitchens need a face lift. Now, if you are your own GC and have the basic skills to handle the wall/ceiling/foor repair, painting, etc then this is a great investment. BUT IF you are going to call in a contractor to bid the job 95% of the time they bid an entire rehab for 2 reasons...a) They want the work and b) they like new installs. If you are going to do the later...please don't bother us. If you are able to do some of the work yourselves, then we will be happy to show the property to you. You can txt me...and state" I HAVE READ YOUR ENTIRE DESRIPTION AND AM INTERESTED IN SEEING THE PROPERTY" Otherwise I will not respond to your calls, voice mail or txt. Thanks for looking, Gregg 618-407-0300 Please note: As we continue to work on this the price will change. We estimate we will invest another $35-40k in wrap up this project and gross income will easily be $26,000 annually or more.
Standout features identified
Our analysis highlights brick work, electric service, and rear addition as key attractions of this home.
Based on current rates
Est. 6.75% rate · 30yr fixed · $2,776 loan
Full calculator →Key facts and listing details
5 categories of property features
3 rooms detailed
Dining Room
Family Room
Laundry Room
Market data and value estimates
2 schools rated nearby
Saint Louis, MO, 63115
11 events
26 years of records
Local context around this listing
Saint Louis, MO • Saint Louis City
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