Rock Island Realty

Low/1-2

5050 Washington

St Louis , MO 63108

MLS#: 17057688

$945,000

Status: Closed
Listing number: 17057688
Listing provided by: St. Louis Apartment Experts, LLC
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Dorris Place Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1924

Sq.Footage

12,720

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 & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    12720.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Electric, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street, Open, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.178

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Low/1-2

Price

  • Sales Price

    $945,000

  • Tax Amount

    $8,362

  • Sq. Footage

    12, 720

  • Price/SqFt

    $74

HOA

  • Association

    No

School District

  • Elementary School

    Adams Elem.

  • Middle School

    Blewett Middle

  • High School

    Beaumont Cte High School

Property Features

  • Ownership

    Private

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St Louis City-MO

Elementary School

Adams Elem.

Middle School

Blewett Middle

High School

Beaumont Cte High School

Listing Courtesy of Sidarth Chakraverty , St. Louis Apartment Experts, LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Colleen Brown

FOUNDER

Colleen Brown

Call Colleen today to schedule a private showing.

(573) 480-8130

colleen@homeatthelake.com


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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.

5050 Washington

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