Multi-Family for Sale: 3650 Neosho, St Louis, MO 63116 SOLD
3,400 sqft
$170,000
$170,000
3650 Neosho,
St Louis, MO 63116 SOLD
3,400 sqft
$170,000
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Selling Price: $170,000
Original List Price: $169,900
Sold at 100.1% of list price
Sold Date: 10/29/2021
Type Multi-Family
Total Living Area 3,400 sqft
Lot Size 0.11 acres
Year Built 1921
Assoc Fee Paid None
Taxes Paid $1,235
City St Louis
Area South City
County St Louis City
Subdivision Mcdermotts Grand Ave Add/Dutchtown
MLS 21043802
Status Closed
DOM 132 days
Attention investors looking for immediate cashflow, with a 9.49% cap rate based on as-is market rents of $525, PLUS loads of upside to increase rents further through unit updates! Priced to sell at under $170k! Building would benefit from some systems updates and cosmetic updates, and priced accordingly. Fully rented, below market rents, all tenants on MTM leases so rent improvements can be quickly implemented. Pitched shingle roof replaced in 2005 with 25 year warranty, New soffit, fascia, gutters/downspouts in 2013, chimney tuckpointing/flashing in 2019, all 13 front windows replaced in 2021. Units are 1 bedroom with 3 large closets (2 are walk-in), hardwood floors, original trim, stained glass, spacious room sizes. Poured concrete foundation. Large shaded back yard and no neighbors across the street! block is a mix of 4 family, 2 family and single family homes. No bid deadline to frustrate your buyers on this one - just bring your qualified buyers, show it and sell it!!!
Room Features
Misc Description Laundry Facl-Private
Lot & Building Features
Appliances Some Range Oven(s), Some Shower Bath(s), Some Refrigerator(s)
Assoc Fee Paid None
Construction Brick
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Heat Source Gas
Heating Forced Air, Individual Furnaces
Parking Description On Street
Sewer Public Sewer
Tax Year 2020
Water Public
Lot Dimensions 39X115 ft
Community and Schools
Junior High School L'Ouverture Middle
Senior High School Roosevelt High
Price History of 3650 Neosho, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
06/22/2021 | Listing Price | $170,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by RE/MAX Results, Paul Cunningham
Sold by RE/MAX Results, Paul Cunningham
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange |