$ 385,000
3136 Chippewa ST St Louis, MO 63118
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 385,000
Est. payment /mo
Active
3136 Chippewa ST St Louis, MO 63118
3,922 SqFt
UPDATED:
10/15/2024 04:59 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Active
Purchase Type For Sale
Square Footage 3,922 sqft
Price per Sqft $98
Subdivision St Louis Commons Add
MLS Listing ID 24058204
Lot Size 6,347 Sqft
Acres 0.1457
Lot Dimensions 50x125
Property Description
Motivated Seller! Investors don't miss this rehab Take Over Opportunity with a $25K rehab credit to finish off the property!! This large townhouse style duplex is 95% completed, this is a perfect opportunity to bring it over the finish line and create a cash cow of a rental property! Both townhouse style units feature 3 bedrooms 2 full bathrooms each with projected rent per apartment of $1,650 each that comes out to $39,600 per year in potential rental income and a 10% cap rate. The building has all new plumbing, a Lenox furnaces (2 per unit), new 200 amp panels, new bathrooms, lighting, kitchens, flooring, trim and a ton more. This an "AS IS" sale, seller to make no repairs, no city inspections and buyer can get inspection for their info only.
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Clay Elem.
Middle Schools L'Ouverture Middle
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
Listed by Daniel Dawson • Niche Advisors