$235,000

3245 Lafayette Ave

St Louis MO, 63104

Description

Great investor opportunity!!! This beautiful, brick, 4-family has been renovated in the past 4 years and all the units are in excellent condition. The renovations include a custom paint job, refinished hardwood floors, 6 panel interior doors, some ceramic tile, new appliances for each unit, ceiling fans, blinds, new bath vanities, bathroom lights, medicine cabinets, exterior lights, exterior doors, exterior door locking system, new electrical meters and service, four new electric panels, and a new architectural roof and gutters (5 years old). All units are tenant occupied. The rents are ($550, $550, $550 and $600 which are below market.) Potential rent income is $600 per unit in this area. The projected annual income of $28,800 and expenses of $9,497 which includes a 5% maintenance fee gives you a NOI of $19,303. The approximate cap rate is 8%. This GEM won't last long!!! A great property in a prime location!!!

Details

MLS#19083363
Sub-TypeResale
StatusPending - Show
Year1923
Days On Site26

Features

SQ Feet3,456
Units2
Building(s)1

Market Activity 63104

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63104
AreaCentral East
Listing VS Median (in 63104)
Price:
$235,000
low | high
Med:
$225,000
54.255319148936% of Average
SqFt:
3,456
low | high
Med:
1,722
100% of Average
$ / SqFt:
$68
low | high
Med:
$131
42.156572021647% of Average
On Site:
26
low | high
Med:
16
100% of Average
Listing Updated: 12/09/2019
MLS Number: 19083363
Listing Provided By:
Corey Adams  of  Advanced Realty Group