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Saint Louis, MO, 63111 • Patch • Saint Louis City
3Beds
2Baths
6,216Sqft
0.17 acLot
1927Built
Low/1-2 Style
Built 1927 · 99 years of history
Eilers Sub
Patch
Demand and pricing signals for this listing
425 days on market
Established listing
Multi Family · Built 1927 · Historic
The French settlement of Carondelet (est. 1757) enjoys a rich history and overlooks the Mississippi River. In the heart of it all is this 6,216 sf brick building with six 1/1 units and two 2/1 units. One was a storefront so the layout is different. Sellers rehabbed 3 units, partially rehabbed 3 more, and installed 4 new window units, water heater, stove, & fridge. You’ll find pex water lines, some PVC stacks, copper & romex wiring, gas furnaces, gas & electric water heaters, and some updated windows. One unit is vacant for showing; one is vacant and needs rehab due to a problem tenant. This is a value-add opportunity with some heavy lifting already done. Tenants enjoy living minutes from Carondelet Park, restaurants like Stacked STL, Perennial Artisan Ales, River City Casino, and I-55. Using a pro forma $750 for vacancies, annual income is 66,000 - operating expenses of 30,134 = NOI of 35,866, a 7.9% cap rate at asking price. Ask your agent for financials available in the listing.
Key facts and listing details
6 categories of property features
Market data and value estimates
2 schools rated nearby
Saint Louis, MO, 63111
1 event
Local context around this listing
Saint Louis, MO • Saint Louis City
Nearby neighborhoods
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