4021 Meramec Street
4021 Meramec Street St. Louis, Missouri 63116 United States

$630,000
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Listing Courtesy of St. Louis Real Estate Society 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...
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Listing Courtesy of St. Louis Real Estate Society
.3 Acres
Exterior
Multi-Family Homes
Property Type
19031011
Web Id
19031011
MLS ID
Grand Gravois Park Add
Subdivision
St. Louis City School District
School District
Oak Hill Elem.
Elementary
Long Middle Community Ed. Center
Middle
Roosevelt High
High
99
days ago

About 4021 Meramec Street

Listing Courtesy of St. Louis Real Estate Society

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.

PROPERTY INFORMATION

Cooling
Ceiling Fan, Central-Electric
Heating
Forced Air
Location
City
Parking Description
Other
Sewer
Public
Water
Public

EXTERIOR

Construction
Brick/Stone Msn Pred
Listing Courtesy of St. Louis Real Estate Society