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4219 Neosho Street
St Louis, MO 63116
Listed: September 29, 2024 (11 days)
Text for showing or question.

$575,000
MLS# 24061749
Commercial Sale
Status: Active

4219 Neosho Street
St Louis, MO 63116

$575,000
Status: Active
Text for showing or question.

Bedrooms

Beds

0

Bathrooms

Bath

7695

Sq Ft Above Grade

Sq Ft

0.158
Acres

MLS# 24061749

Days On Market: 11

Listed: Sunday September 29, 2024 (11 days)

Times this home has been viewed: 119

Welcome to this 8-unit apartment building in charming Bevo. Built with brick and masonry, it delivers 7,695 sf of curb appeal and durability. Inside are six 2-bed and two 1-bed units, all with private bedrooms, updated baths, and lots of original craftsmanship. Most units have LVP flooring in living room and bedrooms; some 2F units have carpet. The building is all electric, and central air was added in 2022. Pex water lines, updated electric panels, mostly PVC stacks. TPO roof (pre-2018 ownership) with 1/3 recently re-covered by seller. Some off-street parking is available. Tenants enjoy close access to public transportation, restaurants, and shopping, and love having just one utility bill. Current rents + $750 pro forma for vacancy = $66,600 gross annual income, less 2023 basic op. expenses of $17,627 = $48,973, a 8.5% cap at asking price. This property offers consistent cash flow as is, w/upside opportunity. Ask your agent for SD, rental property verification, & Rentometer report.

Property Description

Welcome to this 8-unit apartment building in charming Bevo. Built with brick and masonry, it delivers 7,695 sf of curb appeal and durability. Inside are six 2-bed and two 1-bed units, all with private bedrooms, updated baths, and lots of original craftsmanship. Most units have LVP flooring in living room and bedrooms; some 2F units have carpet. The building is all electric, and central air was added in 2022. Pex water lines, updated electric panels, mostly PVC stacks. TPO roof (pre-2018 ownership) with 1/3 recently re-covered by seller. Some off-street parking is available. Tenants enjoy close access to public transportation, restaurants, and shopping, and love having just one utility bill. Current rents + $750 pro forma for vacancy = $66,600 gross annual income, less 2023 basic op. expenses of $17,627 = $48,973, a 8.5% cap at asking price. This property offers consistent cash flow as is, w/upside opportunity. Ask your agent for SD, rental property verification, & Rentometer report.

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Schedule a showing today!

Brokered by Worth Clark Realty

800-991-6092
Search Illinois Homes & Find a Great Deal Across the River

Property Details

Above Grade Finished Sq Ft: 7,695

Area: South City

Association Frequency: None

Basement: No

Builder Model: Low/1-2

Carport: No

Cross Street: Gravois

Directions: GPS friendly

Fireplace: No

Garage: No

Garage Attached: No

Heating: Yes

Lot Size Acres: 0.158

Lot Dimensions: 56' x 129'

Property Type: Commercial Sale

Property Style: Multi-Family 5+

School District: St. Louis City

School Elementary: Oak Hill Elem.

School Middle: Long Middle Community Ed. Center

School High School: Roosevelt High

Subdivision: Gravois Morganford Place Add

Tax Annual: $3,091

Tax Description: C.B.5874 NEOSHO 56 FT X 123 FT GRAVOIS MORGANFORD PL.ADDN LOT 36 E.35 W.37

Tax Year: 2023

Township: St. Louis City

Year Built: 1927

Map

38.584404,-90.264477

Worth Clark Realty: 314-266-5211

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