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Turn-key 8 Unit Ranchette Style Multi-Family and Large Lot near Cherokee Street

1951 President, St. Louis, MO 63118
$315,000

Description

This ranchette style property has a lot of upside for the savvy investor: 1. Superb location near restaurants & retail on Cherokee St. as well as easy access to several major thoroughfares and highways. 2. All 8 units offer 1 level living, private beds, are efficiently built (tenants love the low utility costs!), and boast many updates: insulated, vinyl windows (2016); 8 new furnaces & central air units (2016); and circuit breaker panels. 7 of 8 units have updated flooring, light fixtures, hardware, etc. 3. Laundry hook-ups in basements. 4. Off-street parking. 5. Included buildable lot offers a great opportunity for development right next door to the Sherman School project. 6. 1950’s era construction makes updates to this building sooo much easier and cheaper than it’s 100+ year old counterparts. 7. Turn-key: tenants are on professional leases and screened. 8. It’s a $$$$ maker! NOTE: 1951, 1955, & 1959 are 3 separate parcels but are being sold together as a PACKAGE ONLY. Agent owned.

Detail

Updated on May 14, 2019 at 4:43 pm

  • Status: Under Contract
  • Property ID: 19031409 & 19031650
  • Price: $315,000
  • Sqft: 3800
  • Lot Size: 17250 Sqft
  • Units: 8
  • Rooms: 24
  • Bedrooms: 8
  • Bathrooms: 8
  • Property Tax: $2,046
  • Year Built: 1959
  • Property Type: Land, Multi-Family 5+
  • Address: 1951-1955 President
  • City: St. Louis
  • State/county: Missouri, St. Louis City
  • Zip/Postal Code: 63118
  • Neighborhood: Marine Villa
  • Country: United States

Contact info

Riahna Kastner
Riahna Kastner
314.332.1044
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