4770 Kings Dr., St. Louis MO 63116
$875,000 (Listed Sold)

19 Unit Well-Maintained Apartment Building Adjacent to Princeton Heights Neighborhood

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Invest in St. Louis

Features:

  • Quiet residential neighborhood
  • Easy to operate and low maintenance required
  • New roof in 2015
  • Individually metered
  • Forced heat and central air
  • Hardwood and ceramic flooring
  • Owner manages the property
  • Nice floor plans
  • Off street parking

Current Rents:

  • 10 one-bedroom units currently $487, potentially $575
  • 8 two-bedroom units currently $616, potentially $700
  • 1 three-bedroom unit currently $825, potentially $900
  • Occupancy rate is 94%
  • Annual income $119,827

Expenses:

Taxes                   $7780
Insurance             $4432
Maintenance        $5720
Sewer                  $5880
Water/Trash        $6112

Total                    $29,824

Net Income         $90,003

Asking $875,000

2% Buyer’s agent commission

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Property Details:
Square Footage: 13,678 County: St. Louis City Units: 10+ Condition: Rehab Needed Occupancy: Fully Occupied Parking: Parking Lot Heating: Gas Heat Cooling: Central Electric Construction: Brick, Stone Basement: Other
Home Amenities:
  • Some Dishwashers
  • Microwaves
  • Fridge
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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