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Property Description

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.

Overview

Property Status
Sold
Lot Size
2,866 Sq.Ft.
MLS ID
24047151
Property Type
Residential
Year Built
1880

Features & Amenities

Neighborhood
Soulard
Architecture Styles
Other
Water Source
Public
Parking
On Street
Heat Type
Forced Air, Natural Gas
Air Conditioning
Central Air, Electric
Sewer
Public Sewer
Elementary School
Sigel Elem. Comm. Ed. Center
Middle School
Fanning Middle Community Ed.
High School
Roosevelt High
School District
St. Louis City
Price Upon Request

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1851 S 10th Street

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    License #2022012991

    (314) 517-1925
  • 1851 S 10th Street
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