1851 S 10th ST Pending Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63104
Key Details
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Pending
Purchase Type For Sale
Subdivision City/St Louis
MLS Listing ID 24047151
Year Built 1880
Building Age 144
Lot Size 2,866 Sqft
Property Description
Back on the market no fault to seller, last time this went under contract in 48hrs, call for details ASAP! This property brings in $4,400/month TODAY, much higher rents than any 2-4 unit building in Soulard active for sale. 3 units for sale in Soulard, fully leased. Duplex in the front (1b1b and 2b1.5b) and a carriage house in the back (1b1b). The units are leased for $1900/m, $1350/m and $1150/m. Annualized, the rent roll brings you to $52,800. With 5% vacancy and a 25% expense ratio, the cap rate comes out to 7.76%. Every apartment has IN UNIT WASHER DRYER and stainless steel appliances. The entire property has beautiful, fresh rocked landscaping with weed barriers which means NO GRASS TO BE MOWED and there will only be minimal weeds. With fresh paint inside and out, this property glistens. Located right next to possibly the most famous Mexican restaurants; Chavas AND the new Asian-fusion bar/restaurant; Stews- you are less than 25 yards from 2 of the best restaurants in the city.
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air
Cooling Electric
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sigel Elem. Comm. Ed. Center
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional,Exchange,FHA
Listing Terms Cash Only,Conventional,Exchange,FHA
Special Listing Condition None