Nearby Schools
Buder Elem.Elementary School
Long Middle Community Ed. CenterMiddle School
Roosevelt HighHigh School
Description
This is a solid mixed-use property with 4 commercial spaces, 6 efficiency units, and 4 1-bed units. All the residential units have a private balcony so even the efficiency units feel spacious. (Listing shows the commercial spaces as 2-bed units). Seven of the ten residential units have been updated with laminate wood flooring and hotel-style heating and air conditioning wall units. The commercial units have central air. The building is structurally sound and has updated plumbing and electric. Large basement is not used by tenants and would be great for your building supply storage needs – or rent it out. Great visibility and easy access to public transportation. One commercial unit is currently vacant, perfect for an owner occupant. With existing current rents plus $650 for the vacant unit, less current operating expenses (see RPV in supplements), this property has an NOI of $47,871, making it a 6.298% cap at asking price. The vacant unit is being newly advertised for $750.
Location
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Courtesy of: Radius Realty Copyright 2022, Mid America Regional Information Systems, Inc.(MARIS). All rights reserved. St. Louis - Kirkwood does not display the entire IDX database of Mid America Regional Information Systems, Inc. (MARIS MLS) on this web site. Property listings of some REALTOR® brokerage firms have been excluded. Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information provided deemed to be reliable but is not guaranteed to be accurate. Buyers are advised to verify all facts before making a decision on purchasing a property. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Mid America Regional information Systems, Inc. (MARIS) will not be held responsibility for the content of such records.
