3761 Meramec St, 63116
$229,000 (Listed Sold)

8-unit apartment building in South City

*click image to start slideshow

Invest in St. Louis

This a 7311 sq ft all brick building built in 1927 with significant architectural appeal. There are 8 units with a private bedroom, refinished hardwood floors and large closets. Updates include newer forced air furnaces, newer thermal windows, and some new plumbing. The rents are currently at $445 a month and could be raised to $475 or $550 with some updates made. Income $40,584 Expenses Taxes $3,160 Insurance $2,226 Water/trash $3,172 Sewer $2,540 Repairs $3,826 Total $14,924  Net $25,660

Paying buyers agents 2.50%

N/A
Property Details:
Square Footage: 7311 County: St. Louis City Units: 5+ Condition: Turn Key Occupancy: Fully Occupied Parking: N/A Heating: Gas Heat Cooling: N/A Construction: Brick Basement: N/A
Home Amenities:
  • Microwaves
  • Fridge
  • Stove
Agent Details:
Agent: Mike Shepherd Phone: (314) 662-6453 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Mike Shepherd about this listing.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.