4976 Mardel Avenue, St Louis

$399,000

0 Beds
0 Baths
.11 Acres
0 Garages

Fantastic opportunity to purchase a turn-key four family located in the North Hampton neighborhood. Building updated throughout featuring kitchens with updated cabinets, breakfast bar, dishwasher, microwave, stove, fridge, backsplash, tile flooring, USB charging ports. Bathrooms updated throughout with new tile, new vanity, shower system. There is a bonus room off of the back bedroom that has electric that is ideal for a kids room or office. Units have central air conditioning, stained glass windows, there are original hardwood floors, new lighting and fans throughout. The building has off street parking, washer dryer hookups for the tenants in the basement. The electric has been updated, pvc plumbing and newer condensers. The building is currently fully rented at $3,387 a month which is $40,644 annually if fully rented with annual expenses at $8,247 creating a potential net income of $32,397 a year which is an 8.1% cap rate.

Essential Information
MLS® #20025734
Price$399,000
Acres0.11
Year Built1927
TypeResidential Income
Sub-TypeMulti-Family 2-4
StatusPending
Community Information
Address4976 Mardel Avenue
AreaSouth City
SubdivisionNorthampton Add
CitySt Louis
CountySt Louis City
StateMO
Zip Code63109
School Information
DistrictSt. Louis City
ElementaryBuder Elem.
HighRoosevelt High
Middle

Long Middle Community Ed. Center

Additional Information
Date ListedApril 24th, 2020
Days on Market33
Listing Details
OfficeInvest St. Louis
Property History
Status Changed from Active to Pending
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