Sold
Address
3935 S Grand, St Louis, MO
Price
$ 350,000
Property Attributes
- MLS#23014709
- TypeMulti-Family
- CountyST LOUIS CITY
- CitySt Louis
- Zip63118
- Style
- Price$ 350,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage23900
- Lot Size5,706 SqFt
Data Source:
Mid America Regional Information Systems (MARIS)
Property Description
Opportunity to purchase a value add property located just a short walk to all of the shops and restaurants on S. Grand. There are a number of renovation projects happening in the area and rents have steadily raised over time. Built in 1926 with seven 2-bed apartments, seven 1-bed apartments, 3 studios, and two commercial spaces. The commercial spaces are approximately 1,920 sq ft and 1,480 sq ft and would generate approximately $12 per sq ft gross. The Building has been gutted and is ready for rehab and permits have previously been approved for construction. Projected market rents after renovation are $1,200 for the 2 beds, $900 for the 1 beds, $695 for the studios, and the commercial spaces have rent projections of $1,920 and $1,480, respectively. Priced at $16ft. The building has a garage on the first floor for the tenants. There are building plans available to review at https://adobe.ly/3G3jbUH. Property needs a full renovation and is being sold as-is.
| Price History | |
|---|---|
| 3/20/2023 | Listed $399,000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 63118
Price
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Information is deemed reliable but is not guaranteed.
