3300 Shenandoah Avenue, St Louis, MISSOURI 63104

$325,000
4,864
SqFt
List Price
$325,000
Price Change
▼ $24,900 1581121537
Days on Market
90
MLS#
19083351
Status
PENDING
Living Sq. Ft
4,864
Lot Size
5,088
Sq. Ft. Above
4,864
Acres
0.1168
Year Built
1901
Age
119
Subdivision
Tower Grove East
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Great for investors or owner occupants! This beautiful, brick, 4-family has been renovated in the past 4 years. Three of the units are tenant occupied. The 4th unit recently vacated and rehabbed is ready to be leased or for the new owner to move right in! Updates include a custom paint job, laminate flooring in 2 units, carpet, 6 panel doors, some new appliances, ceiling fans, blinds, new bathroom vanities, bathroom lights, exterior lights, exterior doors, new privacy fence, and a new roof in the past 3 years. Three units are rented ($650, $650, and $675 which are below market.) Potential rent income is $850 per unit in this area. The projected annual income of $40,800 and expenses of $10228 which includes a 5% maintenance fee gives you a NOI of $30,572. The approximate cap rate is 8%. This GEM won't last long!!! A great opportunity in a prime location!!!Motivated Seller!!!

Additional Information

Gross Operating Income
40800
Total Expenses
$10,228
School District
St. Louis City
Elementary School
Shenandoah Elem.
Jr. High School
Fanning Middle Community Ed.
Sr. High School
Roosevelt High
Construction
Brick/Stone Msn Pred
Parking Description
Off Street, On Street Parking, Open Lot
Operating Expenses
Lawn Care, Maintenance, Snow Removal
Cooling
Ceiling Fan, Central-Electric, Individual Units
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
66.82
Taxes Paid
1925
Buyer's Agent Commission
2.75
Selling Terms
Cash, Conventional, FHA, VA

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Advanced Realty Group.

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