4770 Kings

Estimated Monthly Payment: $5,240/mo 4770 Kings, St Louis, MO 63116 MLS# 20003081 Multi-Family 5+ Listing Status: Sold
15,767 sqft
18
0
0

REMARKS:

Outstanding opportunity to purchase a well maintained 20 unit apartment complex located on a quiet street in Princeton Heights neighborhood. Built in 1966 this building has many upgrades including a recently replaced TPO fully adhered roof, 2 recently updated units, updated vinyl windows, all units have central air with 8 newer condensers, some newer furnaces, exterior paint, etc. Potential to raise rents and add value with additional cosmetic updates to the units. There are 12 one bedroom units and 8 two bedroom units. The updated 2 bedroom unit is currently being marketed at $735 and the 1 bedroom at $565. 2 bedrooms in the area rent from $600-$800 with 1 bedrooms renting from $500-$700 depending on updates and size. Building features off street parking, storage units in the basement for tenants, there are washer and dryer hookups and potential to add additional income with laundry in the basement. The 2019 rental income was $121,113. Inquire for more detailed financial information

OVERVIEW:

Multi-Family 5+
Sold
3/26/2020
South City
Kingshighway Terrace Add
15767
13678
Brick Veneer Predom
Forced Air
Gas
Central-Electric
Public
Public
1966
Parking Lot
0.31

FEATURES:

St. Louis City

SCHOOLS:

Buder Elem.
Long Middle Community Ed. Center
Roosevelt High
St. Louis City

FINANCIAL:

$995,000
$8,429
2019

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Invest St. Louis

 

 

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