Rock Island Realty

Low/1-2

4770 Kings

St Louis, MO 63116

MLS#: 20003081

$995,000

Status: Closed
Listing number: 20003081
Listing provided by: Invest St. Louis
Listing agent phone: None
Last update: N/A
On site: N/A
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Kingshighway Terrace Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1966

Sq.Footage

15,767

Outstanding opportunity to purchase a well maintained 20 unit apartment complex located on a quiet street in Princeton Heights neighborhood. Built in 1966 this building has many upgrades including a recently replaced TPO fully adhered roof, 2 recently updated units, updated vinyl windows, all units have central air with 8 newer condensers, some newer furnaces, exterior paint, etc. Potential to raise rents and add value with additional cosmetic updates to the units. There are 12 one bedroom units and 8 two bedroom units. The updated 2 bedroom unit is currently being marketed at $735 and the 1 bedroom at $565. 2 bedrooms in the area rent from $600-$800 with 1 bedrooms renting from $500-$700 depending on updates and size. Building features off street parking, storage units in the basement for tenants, there are washer and dryer hookups and potential to add additional income with laundry in the basement. The 2019 rental income was $121,113. Inquire for more detailed financial information

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    15767.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick Veneer

  • Parking

    Open, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.314

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Low/1-2

Price

  • Sales Price

    $995,000

  • Tax Amount

    $8,429

  • Sq. Footage

    15, 767

  • Price/SqFt

    $63

HOA

  • Association

    No

School District

  • Elementary School

    Buder Elem.

  • Middle School

    Long Middle Community Ed. Center

  • High School

    Roosevelt High

Property Features

  • Ownership

    Private

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St Louis City-MO

Elementary School

Buder Elem.

Middle School

Long Middle Community Ed. Center

High School

Roosevelt High

Listing Courtesy of Jordan Schoen , Invest St. Louis

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Outstanding opportunity to purchase a well maintained 20 unit apartment complex located on a quiet street in Princeton Heights neighborhood. Built in 1966 this building has many upgrades including a recently replaced TPO fully adhered roof, 2 recently updated units, updated vinyl windows, all units have central air with 8 newer condensers, some newer furnaces, exterior paint, etc. Potential to raise rents and add value with additional cosmetic updates to the units. There are 12 one bedroom units and 8 two bedroom units. The updated 2 bedroom unit is currently being marketed at $735 and the 1 bedroom at $565. 2 bedrooms in the area rent from $600-$800 with 1 bedrooms renting from $500-$700 depending on updates and size. Building features off street parking, storage units in the basement for tenants, there are washer and dryer hookups and potential to add additional income with laundry in the basement. The 2019 rental income was $121,113. Inquire for more detailed financial information

4770 Kings

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