6148-6156 Columbia Ave., St. Louis MO 63139
$750,000 (Listed Sold)

Stunning 14 Unit Apartment Building For Sale Overlooking Clifton Park In Clifton Heights

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Invest in St. Louis

FEATURES

-Opportunity to purchase a stunning 14 unit apartment building located in Clifton Heights across the street from Clifton Park at the corner of Columbia and Clifton.

-Built in 1928 this building also comes with a large build-able lot adjacent to the building, the total lot size is 1/3 acre.

-The building consists of 11 one bedroom apartments, 2 two bedroom apartments and 1 efficiency.

-These apartments are rented under market rent for the neighborhood, updated 2 bedroom apartments rent for $750-$800, with updated 1 bedroom apartments renting for $650-$700 and efficiencies renting for $450-500.

-Currently 13 of the 14 apartments are rented for $6,604 a month and $79,248 annually.

-2015 Gross Income was $76,014

 

2015 Expenses

Repairs/Maintenance $20,452

(includes cleaning, trash, snow, pest)

lawn/Gardening     $615

Utilities                 $4,354

(includes electric, water, sewer, gas)

Taxes                     $7,037

Insurance               $5,356

Total                      $37,814

 

-With minor cosmetic updates and rented at market rent the apartments could rent for $9,100-$9,800 a month and $109,200-$117,600 annually.

 

Asking Price $840,000

Paying buyers agents 2.5%

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Property Details:
Square Footage: 10,059 County: St. Louis City Units: 10+ Condition: Rehab Needed Occupancy: Fully Occupied Parking: On Street Parking 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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