FULLY OCCUPIED 3 Unit building producing a 10.5% return!! Have a completely turnkey investment generating $19k NOI annually! Or, if you prefer to play the value add game, update units 1 and 2 when their leases expire in July and August, and take advantage of high market rents! Unit 1 has been in place via Section 8 nearly 8 years, Unit 2 is rented via St. Patrick's center, and the Rear studio unit is recently rented to a market tenant. Interior photos are of Unit 2 and the Rear unit prior to being rented. While cosmetic updates hasn't been the focus for this building, you'll find lots of the big stuff already done and in great condition! New Roof 2017, and Water Heaters / HVAC in 2013 - one in 2023. Unit 1 has window units. Can be packaged with a two family at 4243 Meramec (24045572) for five total units!
Room Features
Misc DescriptionBasement
Lot & Building Features
AppliancesSome Range Oven(s), Some Refrigerator(s)
ConstructionBrick
CoolingElectric, Wall/Window Unit(s)
Heat SourceGas
HeatingForced Air
Parking DescriptionOn Street
SewerPublic Sewer
Tax Year2023
WaterPublic
Lot Dimensionsirr
Community and Schools
Elementary SchoolMeramec Elem.
Junior High SchoolLong Middle Community Ed. Center
Senior High SchoolRoosevelt High
Price History of 4126 Michigan Avenue, St Louis, MO
Date
Name
Price
Difference
07/22/2024
Listing Price
$185,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
4126 Michigan Avenue (MLS #24045468) is a multi-family listing located in St Louis, MO.
This multi-family listing is on a lot of 3,437 sqft (or 0.08 acres) and is 119 years old. This property was listed on 07/22/2024 and has been priced for sale at $185,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing information courtesy of: Real Broker LLC
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