$920,000
SoldThis listing was sold on Aug 30, 2017 for the price shown here.
12,720 Sq Ft 1924 Year Built
Multi-Family Home
MLS # 17057688
Acres .18
Annual Taxes $8,362.00
School District St. Louis City
Subdivision Dorris Place Add

EXTREMELY RARE - Massive, fully gut rehabbed 9 unit in the gated blocks of the central west end. LOCATION, LOCATION, LOCATION - Tenants and owners can walk for a drink at the chase, take a quick run in forest park, walk to BJC/Wash U med and hit up the best restaurants and nightlife in town. The building has the perfect unit mix: three studios, three 1 beds and three 2 bed/2 bath units. All units have been gutted to the studs: drywall, newer electric, forced heat/central air, fireplaces and much more. There is tons of upside on this one; property runs in place at a 7% cap rate and can easily be at north of a 10% cap with little effort - you wont find this deal anywhere else in the 63108. Add some personal touches, or just cash your rent checks – this property provides perfect value for someone looking to live & invest in a Class A neighborhood surrounded by Million dollar homes. Current management can lease the final unit (2bd/2ba) or we can leave it vacant for the next owners home.

Features
Elementary school: Adams Elem.
Middle school: Blewett Middle
High school: Beaumont Cte High School
Central air
Electric heat
Forced air heat
Natural gas heat
On street parking
Lot dimension is: 53*155
Subdivision: Dorris Place Add
Public sewer
Public water
Community laundry

Lindell to Union. Head north on union and make a right on Washington place. End of the gated block on the right hand side. Keep in mind Washington place is a gated street and accessible on one side.

IDXCourtesy of: St. Louis Apartment Experts, LLC Sidarth Chakraverty

Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified.