$968,000
$995,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
4770 Kings St Louis, MO 63116
15,767 SqFt
Key Details
Sold Price $968,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 15,767 sqft
Price per Sqft $61
Subdivision Kingshighway Terrace Add
MLS Listing ID 20003081
Sold Date 03/26/20
Construction Status 54
Year Built 1966
Building Age 54
Lot Size 0.314 Acres
Acres 0.314
Lot Dimensions 81 x 184
Property Description
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
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Other
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Construction Status 54
Schools
Elementary Schools Buder Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Private, Other
Listing Terms Cash Only, Conventional, Private, Other
Special Listing Condition None
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Bought with David Nations