4021 Meramec St, St Louis, 63116

Multi-Family 5+ - Apartment Complex, Apt Bldg/Interior En For Sale in Grand Gravois Park Add

$630,000

Beds
Baths
15,306Sqft
.3Acres
1928Built
129DOM
MLS® #: 19031011
Active Under Contract, 129 Days on Market

Up for sale is this well-maintained, 16 unit building with welcoming courtyard which includes 13 garage spaces across 4 buildings. 2 of these garage buildings are located on a separate parcel at 3917 Alexander Rear, which is included in the sale at no additional cost. All of the apartments offer the same floor plan with a living room, kitchen, full bath, and a private bedroom. There are 4 separate basements. Rents average at $525 per unit with newer vacancies being filled at $550. The garage bays are leased separately from the apartments and bring in a good amount of additional income (9 of the 13 spaces are rented). The building boasts many updates including new windows in 2017, new roof in 2016, some recent tuckpointing, central air, and varied cosmetic updates to the individual apartments. This is a wonderful, turn-key opportunity with plenty of upside for steady revenue generation. 2 vacant units + basements can be shown by appt. and the rest with an accepted offer.

Price & Status History

Date Details
Status Changed from Active to Active Under Contract

Essential Information

MLS® #: 19031011
Price: $630,000
Square Footage: 15,306
Acres: 0.30
Year Built: 1928
Type: Multi-Family 5+
Sub-Type: Apartment Complex, Apt Bldg/Interior En
Style: Low/1-2
Status: Active Under Contract

Community Information

Address: 4021 Meramec St
Area: South City
Subdivision: Grand Gravois Park Add
City: St Louis
County: St Louis City
State: MO
Zip Code: 63116

Amenities

Parking: Other

Interior

Heating: Forced Air
Cooling: Ceiling Fan, Central-Electric

Exterior

Lot Description: 105 FT X 125 FT
Construction: Brick/Stone Msn Pred

School Information

District: St. Louis City
Elementary: Oak Hill Elem.
Middle: Long Middle Community Ed. Center
High: Roosevelt High

Additional Information

Date Listed: May 14th, 2019
Days on Market: 129

Listing Details

Listing Office: St. Louis Real Estate Society

Financials

$/SqFt: $41

Information from Third Parties, Deemed Reliable but Not Verified.
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