Maintained Four-Family in Soulard For Sale

Features:

• This large 4100 Sq ft four family was built in 1890 and features two 2 bed/1.5 bath townhouse units.
• Townhouse units feature open floor-plan, fireplaces, in unit laundry and sky-lights.
• The other two units are 1 bed 1 bath.
• Great views of Soulard and the Arch from the back yard.
• Blocks from downtown St. Louis and walking distance to Lafayette Square and the farmers market.
• Building has been well maintained, roof was refurbished with a rubber membrane 5 years ago.
• Features pvc plumbing and updated electric panels in all units.
• Property has off-street parking in the rear of the building and there are large open lots on the side of the building and behind it.
• There is a security door in the rear entrance of the building near the parking lot.
• Perfect for owner occupant or investor.
• Property is currently owner occupied and has long term tenants paying under market rent.
• The one bedrooms are rented month to month at $525 and $400. The 2 bedroom is rented for $750.
• Market rent for the one bedroom is $550 and 2 bedroom $800.
• Potential gross monthly rent is $2,700 a month and 32,400 annually.

Monthly Expenses:

Trash/Water: $78.00/month
Sewer: $55.00/month
Insurance: $250.00/month
Taxes: $204.00/month

Total Monthly Expenses: $587.00/month

Please do not disturb tenants, they are unaware of sale.

Asking Price: $224,000

Paying buyers agents 2.7%

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