7221 Balson, St. Louis MO 63130
$249,950 (Listed Sold)

Pre MLS Updated U-City Four Family With 2 bed Units

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Features:

  • This 4200+ sq ft building features updated 2 bedroom units with over 1000 sq ft units with central air, separate living room and dining room.
  • Located a short walk from Heman Park, Pool and Rec Center and close to Washington University and the U City Loop
  • Seller has recently put $65,000 in updates into the building including 2 brand new bathrooms, and 2 fully renovated kitchens.
  • Kitchen renovations included new refridgerator, microwave, dishwasher, garbage disposal, lighting, cabinets, backsplash, sink.
  • Apt 1E features renovated bathroom with new bath tub, toilet, vanity, sink, lighting, shower heads, and medicine cabinets.
  • Apt 1W is the owners unit and features renovated bathroom with new rainfall dual showerhead shower, new bath tub, toilet, vanity, sink, lighting and art deco tile design.
  • Building features 6 room units with hardwood floors throughout, a slate roof, 60 vinyl windows that were just replaced 6 years ago.
  • Four new 40 gallon water heaters were recently installed.
  • There is a 4 car detached garage with parking and separate private storage for each unit. This would be perfect for an investor or an owner occupant.
  • An owner occupant could possibly live in one unit and have the other three tenants cover the mortgage and expenses.
  • Building is currently 100% occupied, the owner lives in one unit and the other units are rented at $775,$750,$750 for a total of $2,250 a month and $27,300 a year.
  • Owners unit would rent for $800 a month, fully rented this building could potentially gross $36,600 a year and operate at a 8% return after expenses.

Rental Income: $27,300

Expenses:

Taxes                   $5,100
Insurance           $3,000
Maintenance      $250
Water/Trash      $1050
Electric                $200

Total                  $9,600

Net Income      $17,700

Asking $335,000

2.7% Buyer’s agent commission

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Property Details:
Square Footage: 4,256 County: St. Louis City Units: 1-4 Condition: Rehab Needed Occupancy: Fully Occupied Parking: Garage 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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