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Alpha Resources
2018 S 9th St, St Louis, MO 63104
- $795,000
- 4,946
- SqFt
- List Price
- $795,000
- Days on Market
- 0
- MLS#
- 26065791
- Status
- ACTIVE
- Living Sq. Ft
- 4,946
- Year Built
- 1906
- Subdivision
- Soulard
- Municipality
- St. Louis City
- County
- St Louis City
- Listing Type
- Multifamily
Property Description
LIVE IN ONE. COLLECT AN ESTIMATED $4,987 A MONTH FROM THE OTHER THREE. This fully gut-rehabbed Soulard four-family offers projected fully leased rent of $6,637 per month—$79,644 annually. Two units are already leased at $1,650 and $1,687 per month; the other two are vacant and projected at $1,650 each. Depending on financing, income from three units could cover mortgage principal and interest while you occupy the fourth. Taxes, insurance and other ownership expenses remain additional. All four residences are 2-bedroom, 1-bath, with new A/C, furnaces, water heaters, roof, appliances, kitchens and baths. New major systems can mean fewer repair calls, fewer contractor visits and lower near-term maintenance costs, helping protect your cash flow and making self-management more practical. Quartz counters, stainless appliances, matte black fixtures, wide-plank flooring and marble-look tile complement the original exposed brick. Planned gated asphalt parking and a resident turf area add to the offering. A 93 Walk Score places Soulard dining, coffee shops and entertainment close by. Projected income assumes lease-up at the stated rents.
Additional Information
- School District
- St. Louis City
- Elementary School
- Sigel Elem. Comm. Ed. Center
- Jr. High School
- Fanning Middle Community Ed.
- Sr. High School
- Roosevelt High
- Parking Description
- Off Street
- Cooling
- Central Air
- Heating
- Forced Air
- Water
- Public
- Selling Terms
- 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing courtesy of Anthony Klier. The Agency
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