1304-14 Tamm Ave, St. Louis MO 63139
$429,000 (Listed Sold)

Well-Maintained Four Family in the Heart of Dogtown

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Invest in St. Louis

-Building is located at the corner of Tamm and West Park, just four blocks from Forest Park and the Saint Louis Zoo.
-These apartments are in good condition and feature four 2bed/2bath townhouse style units each with their own separate basement with washer/dryer hookup.
-Each unit has a dedicated off street parking spot and there is an additional vacant lot adjacent to the building that is included in the sale.
-Built in 1984, the building features updated electric and plumbing, central air, vinyl windows and there is a private back porch for each unit.
-The building is currently rented for $995, $995,$950 & $895 for a total of $3,835 a month and $46,020 annually.
-The lower rents are due to longer term tenants, with all units rented at $995 the building would generate $3,980 a month and $47,760 a year.
-This building is an ideal for an owner occupant who could potentially live in one unit and have the other units cover the mortgage and expenses.

 

 

2015 Expenses:

Maitenance $560
Repairs: $3,485
Gas: $197
Electircity $45
Sewer: $2,280
Water: $1,755.84
Insurance: $3,595
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Total Expenses: $11,917

2015 Net Income: $29,801

2016 Net Income  $34,103

(Based off of current rents and expenses)

 

Priced at a 7.9% Cap Rate

 

Asking $429,000

Paying buyer agents 2.7%

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Property Details:
Square Footage: 3,816 County: St. Louis City Units: 1-4 Condition: Rehab Needed Occupancy: Fully Occupied Parking: Off Street Parking Heating: Gas Heat Cooling: Central Electric Construction: Brick, Stone Basement: Other
Home Amenities:
  • Some Dishwashers
  • 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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