Under Contract

1851 S 10th Street

St Louis, MO 63104
$499,000
Photo of 1851 10th Street St Louis MO 63104

Details

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.

Specs

Type Multi-Family
Lot Size 0.07 acres
Year Built 1880
Taxes Paid $2,186

Lots & 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

Explore the Neighborhood

Get Directions

Financing

$
20%
0.43807615230461%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City St Louis
County St Louis City
School District St. Louis City
Subdivision City/St Louis

Schools

Elementary School Sigel Elem. Comm. Ed. Center
Junior High School Fanning Middle Community Ed.
Senior High School Roosevelt High
Anthony Klier, The Agency