5010 Chippewa St, St. Louis, MO 63109, USA
Triangle 1 Created with Sketch. For Sale Triangle 1 Created with Sketch. $259,000 - Apartment Building, Residential
Tax ID: 6038-00-0140-0 3176 sq ft 4 Bedrooms 4 Bathrooms 1926 Year Built background Layer 1 6490 sq ft

Excellent opportunity to purchase an updated turn-key four family in the Southampton neighborhood. Features include renovated eat-in kitchens with updated cabinets, newer appliances including dishwasher, microwave, fridge and garbage disposal. Units have updated baths, refinished hardwood floors with central air. The first floor units which rent for $700 have 4 rooms with bonus room including closet which could be used as a kids bedroom, office, storage or walk-in closet. The second floor units rent for $750, when fully rented the monthly gross income is $2,900 a month, $34,800 annually with expenses of $7,002 creating an annual net income of $27,798. Building has a decorative clay tile roof, new large parking pad in the rear of the building which fits 6 vehicles, newer condensers with cages, newer siding, newer furnaces, recently updated electric, updated PVC plumbing, separate storage for all units, washer dryer hookups for all tenants.

 

Paying buyers agents 2.7%

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