4947 Arsenal, St Louis, MO 63139

$515,775
Sold Price
$515,775
List Price
$529,000
Closing Date
Mar 30, 2021
Days on Market
67
MLS#
21002373
Status
CLOSED
Lot Size
7,492
Sq. Ft. Above
4,114
Acres
0.17
Year Built
1924
Age
97
Subdivision
Reber
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Renovated 4 family steps from Tower Grove Park. Building is 4,114 sq ft not including enclosed bonus rooms. Units are 1,000+ sq ft and feature central HVAC, hardwood floors, stained glass and newer vinyl windows, recently updated kitchens with high end kitchen cabinets, updated tile floors and countertops, dishwashers, original wood built in cabinets and a breakfast bar. Bathrooms are all completely updated with new shower surrounds, flooring, vanity, toilet, etc. Building has a recently replaced pitched roof, updated plumbing with PVC stacks, recently replaced siding on the bonus rooms. Furnaces, water heaters, condensers were replaced. Roof is approximately 4 years old. Rents are $1,000, $975, $975 and tenant moving in for $1,030. If fully rented this building rents for $3,980 a month which is $47,760 annually with annual expenses at $8,007. If fully rented the annual net income would be $39,753 which would be a 7.5% cap rate. There was only 3 weeks of total vacancy in 2020.

Additional Information

School District
St. Louis City
Elementary School
Mason Elem.
Jr. High School
Long Middle Community Ed. Center
Sr. High School
Roosevelt High
Association Fee
$['0']
Construction
Brick Veneer
Parking Description
On Street
Tenant Pays
Cable TV, Electricity
Cooling
Gas
Sewer
Public Sewer
Heating
Forced Air
Water
Public
Heat Source
Electric
Price Per Sq. Ft
125.37
Taxes Paid
2303
Buyer's Agent Commission
2
Selling Terms
Cash Only, Conventional, Exchange, FHA, Private, VA, Other

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Invest St. Louis. Selling Office: Keller Williams Realty STL.

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