2225 N 4th Street, St Charles, MO 63301

$850,000
List Price
$850,000
Days on Market
8
MLS#
24041522
Status
PENDING
Lot Size
15,725
Sq. Ft. Above
6,440
Acres
0.36
Year Built
1965
Age
59
Subdivision
Roosevelt Place Add
Municipality
St. Charles
School District
St. Charles R-VI
County
St Charles
Listing Type
Commercial

Property Description

Opportunity to purchase 2 multi-family buildings in St. Charles. These properties have individual tax parcels but are being sold together, totaling 14 units. One building has 8 units, and the other has 6, all featuring 1-bedroom, 1-bathroom layouts. The combined building size is 6,440 square feet, and the total lot size is 0.361 acres. Some units and buildings have been upgraded in recent years. There is great potential to increase rent significantly, both as-is and with additional updates. With modern flooring, lighting, stainless steel appliances, kitchen cabinets, countertops, bathrooms, and in-unit laundry, rent could increase by 20%-35%. With units potentially renting at $995 after updates, the buildings could generate $13,930 per month, or $167,160 annually. There are 26 parking spots for tenants. Note: These properties are located in a flood plain. A virtual tour, rent, and sales comparables are available upon request. The seller will review offers at 5 p.m. on Tuesday, July 9.

Additional Information

Elementary School
Coverdell Elem.
Jr. High School
Jefferson / Hardin
Sr. High School
St. Charles High
Construction
Brick
Parking Description
Space/Unit - 1, Space/Unit - 2+, Parking Lot, Unassigned
Lot Dimensions
115x140x113x140
Cooling
Wall Unit(s)
Sewer
Public Sewer
Heating
Baseboard, Hot Water
Water
Public
Heat Source
Electric, Other
Price Per Sq. Ft
131.99
Taxes Paid
9204
Buyer's Agent Commission
2
Selling Terms
Cash Only, Exchange, Other

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Listing courtesy of Invest St. Louis.

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