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

8-unit apartment building in South City

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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%

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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.

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