3819 Meramec
St Louis, MO 63116

Description

7 UNIT with 1 commercial space & 100% occupancy, A LOT of room to raise rents. 6 residential units are all month-2-month & all long term tenants; 5+ years Total rents coming in currently are $3,030. The commercial space in front is on a triple net lease & that tenant (who is paying the seller) is sub-leasing it and collecting $1,200/ month. Out of that, he then pays the seller $500/month. His lease expires at the end of June so at that time the commercial space will be bringing in $1,200/month, cutting him out of the equation and increasing the buildings income to $3,730/month. 1 residential unit available for showings with 24 hour notice & all tenants (except showing unit tenant) are un-aware of sale. The owner would like to keep it that way until an offer has been submitted contingent upon viewing all units. This building is & always has been easy to manage. Updated electrical, plumbing, roof. Seller is moving on from being a landlord.

Details

MLS#19025269
Sub-TypeResale
StatusActive
Year1925
Days On Site71

Features

SQ Feet8,342
Units1
Building(s)1

Market Activity 63116

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63116
AreaSouth City
Listing VS Median (in 63116)
Price:
$249,900
low | high
Med:
$134,950
95.998399359744% of Average
SqFt:
8,342
low | high
Med:
1,057
100% of Average
$ / SqFt:
$30
low | high
Med:
$131
100% of Average
On Site:
71
low | high
Med:
99.5
71.356783919598% of Average
Listing Updated: 06/19/2019
MLS Number: 19025269
Listing Provided By:
Rueben Williams  of  Garcia Properties