5400 Eichelberger St., 63109
$357,777 (Listed Sold)

Non MLS Princeton Heights Four Family

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Invest in St. Louis

You won’t find many buildings like this immaculately maintained Princeton Heights four family.  The large 4100 square foot building has spacious two bedroom units each at 1000+ sq. ft., and boasts many upgrades the current owner has made during their ownership.  From the triple pane windows recently installed, to the newer water heaters, furnaces, and roof, the building will likely be a headache-free investment for the foreseeable future.  Other features include a copper stack, tuck-under garage with 4 spaces, central air, hardwood floors throughout, and new washer/dryers.
Building is in the desirable Princeton Heights neighborhood with easy access to public transportation, dining, shopping, and other amenities.  Building would be a smart buy for an investor looking to cash flow, or an owner/occupant taking advantage of FHA financing and potentially living for free.
There is nothing that needs to be done upon purchase other than collect the income the property produces!  Current rents are at $750, $740, $740, $625 (18 year tenant), but area would potentially support $800/unit.  Fully rented at $800/unit the property would produce  just over $30,000 net income a year.
Rents:                 $750
                            $625 (18 year tenant)
Gross Monthly: $2,855

Gross Annual:   $34,260

Annual Expenses:

Taxes              $3034.55
Insurance        $1854.05
Water              $793.08
Sewer              $1337.52
Trash               $480
Electric            $288
Misc                 $400
Total:               $8,186.2

Net Income     $26,073.8

Please allow 24 hrs notice to show.

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Property Details:
Square Footage: 4,100 County: St. Louis City Units: 1-4 Condition: Turn Key Occupancy: Fully Occupied Parking: Garage, Carport, Parking Lot Heating: Gas Heat Cooling: Central Electric Construction: Brick, Stone Basement: Other
Home Amenities:
  • Some Dishwashers
  • Disposals
  • Vinyl Windows
  • Wood Windows
  • Microwaves
  • Fridge
  • Washer/Dryer
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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