4050 Delmar Blvd., 63108
Triangle 1 Created with Sketch. $335,000  
3742-00-0350-0 15687 sq ft 20 Bedrooms 20 Bathrooms 1928 Year Built background Layer 1 8799 sq ft

This 17 unit building built in 1925 is located in the Central West End four blocks from St. Louis University with new construction homes being built on the block. The building has been operated as a weekly or monthly rental that comes fully furnished with utilities provided by the owner. 2017 income was $126,274 with annual expenses $66,535 for a net income of $59,739 a year with a cap rate of 17.8%. Priced under $20,000 per unit. The occupancy rate is usually around around 95%. The building has a boiler that was replaced in 2017, a new roof was also installed in 2017. There is individual electric for all of the units. There is a 3 car attached garage with storage area in the rear of the building. This building could be operated as it is currently or is or could be converted to long term or student housing. The furniture in the units is included in the sale and there are two vacant lots to the west of the building that could also be purchased and made into a parking lot.

Paying buyers agents 2.70%
3936 Cook Ave., 63113 (a 20 unit building approx half a mile away) is also available to be purchased separate or as a package.

Due Diligence

The SouthSide Investment Club does not verify property information. Do your own due diligence on all properties.

Property Map

Similar Properties

Be the FIRST to KNOW

Enter your email below and we will send you a summary of the new properties everyday!

You have Successfully Subscribed!