$359,900

3300 Shenandoah Ave

St Louis MO, 63104

Description

Great for investors or owner occupants! This beautiful, brick, 4-family has been renovated in the past 4 years. Three of the units are tenant occupied. The 4th unit recently vacated and rehabbed is ready to be leased or for the new owner to move right in! Updates include a custom paint job, laminate flooring in 2 units, carpet, 6 panel doors, some new appliances, ceiling fans, blinds, new bathroom vanities, bathroom lights, exterior lights, exterior doors, new privacy fence, and a new roof in the past 3 years. Three units are rented ($650, $650, and $675 which are below market.) Potential rent income is $850 per unit in this area. The projected annual income of $40,800 and expenses of $10228 which includes a 5% maintenance fee gives you a NOI of $30,572. The approximate cap rate is 8%. This GEM won't last long!!! A great opportunity in a prime location!!!

Details

MLS#19083351
Sub-TypeResale
StatusActive
Year1901
Days On Site23

Features

SQ Feet4,864
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:
$359,900
low | high
Med:
$225,000
87.482634065018% of Average
SqFt:
4,864
low | high
Med:
1,722
100% of Average
$ / SqFt:
$74
low | high
Med:
$131
26.587960457464% of Average
On Site:
23
low | high
Med:
13
100% of Average
Listing Updated: 12/06/2019
MLS Number: 19083351
Listing Provided By:
Corey Adams  of  Advanced Realty Group