Multi-Family for Sale: 1851 S 10th Street, St Louis, MO 63104 SOLD
$456,000
$456,000
1851 S 10th Street,
St Louis, MO 63104 SOLD
$456,000
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Selling Price: $456,000
Original List Price: $485,000
Sold at 94.0% of list price
Sold Date: 11/07/2024
Type Multi-Family
Lot Size 0.07 acres
Year Built 1880
Taxes Paid $2,186
City St Louis
Area Central East
County St Louis City
Subdivision City/St Louis
MLS 24047151
Status Closed
DOM 53 days
Back on the market no fault to seller, last time this went under contract in 48hrs, call for details ASAP! This property brings in $4,400/month TODAY, much higher rents than any 2-4 unit building in Soulard active for sale. 3 units for sale in Soulard, fully leased. Duplex in the front (1b1b and 2b1.5b) and a carriage house in the back (1b1b). The units are leased for $1900/m, $1350/m and $1150/m. Annualized, the rent roll brings you to $52,800. With 5% vacancy and a 25% expense ratio, the cap rate comes out to 7.76%. Every apartment has IN UNIT WASHER DRYER and stainless steel appliances. The entire property has beautiful, fresh rocked landscaping with weed barriers which means NO GRASS TO BE MOWED and there will only be minimal weeds. With fresh paint inside and out, this property glistens. Located right next to possibly the most famous Mexican restaurants; Chavas AND the new Asian-fusion bar/restaurant; Stews- you are less than 25 yards from 2 of the best restaurants in the city.
Lot & Building Features
Cooling Electric
Heat Source Gas
Heating Forced Air
Parking Description On Street
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 14x114 ft
Community and Schools
Junior High School Fanning Middle Community Ed.
Senior High School Roosevelt High
Price History of 1851 10th Street, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
09/05/2024 | Price Adjustment | $456,000 | 5.98% |
07/29/2024 | Listing Price | $485,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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