3728 Chippewa, St Louis, MO 63116

$169,900
Sold Price
$169,900
List Price
$174,900
Closing Date
Jan 29, 2021
Days on Market
44
MLS#
20088975
Status
CLOSED
Lot Size
5,750
Sq. Ft. Above
3,332
Acres
0.13
Year Built
1942
Age
79
Subdivision
Dunnica Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Cash flow positive 4-family with professional property management in place! Each unit is rented out, but 1 unit is vacant with a tenant scheduled to move-in on Jan 5. 2021. Garage is rented out for $100/month. This building has some updates and more to come! 3728 1st floor will have new vinyl windows installed in mid January. Seller okay with waiting to close until windows are paid for and installed. Other updates that are currently in place are one new waste stack, a newer furnace, a newer water heater, vinyl windows on front of building, breaker panels, and some new water lines. Each unit has a living room, eat-in kitchen, private bedroom, and a sun porch. Basement is unfinished with laundry hookups and a storage unit for each unit. Unit rented quickly at $550 per month and the next owner could increase rents to $575 across the board as leases come due. Schedule a showing before it's too late!

Additional Information

School District
St. Louis City
Elementary School
Froebel Elem.
Jr. High School
Fanning Middle Community Ed.
Sr. High School
Roosevelt High
Association Fee
$['0']
Construction
Brick
Parking Description
Detached Garage - 3-4 Car, On Street
Tenant Pays
Electricity, Gas
Cooling
Window Unit(s), Ceiling Fan(s)
Sewer
Public Sewer
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
50.99
Taxes Paid
1768
Buyer's Agent Commission
2.7
Selling Terms
Cash Only, Conventional

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of 1 Degree Realty. Selling Office: PalmerHouse Properties & Assoc.

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