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5706 Thekla Avenue

St Louis, MO 63120
  • $270,000
  • STATUS: Active Under Contract
  • ON SITE: 69 Days
  • ID#: 22014108
Under Contract
$270,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,992
    SQFT
  • $34
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1964
County:
Area:

School Information

Elementary School:
High School:
School District:

Description

Good cash flowing 8 unit building. Average rents are $500/mth. There is an identical building next door where rents were advertised at $600/mth. Seller has done several repairs/updates including, but not limited to a new roof, new doors, some updated plumbing and electric, some water heaters, painting, flooring, windows, and more. We should be around a 10% CAP rate at current rents. It'll be higher when you raise them. Building is in decent shape, but could use some touchups here and there. Only showing one vacant unit now. You can see the rest with an accepted/contingent offer. DO NOT DISTUB THE TENANTS. Be sure to check out our VIDEO walk through.

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Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-05-17T23:39:40.993.

Krista Hartmann Home Team | RE/MAX Results: 314-571-7482
www.showingstl.com/homes/126547372
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5706 Thekla Avenue St Louis, MO 63120

  • Price: $270,000
  • Status: Active Under Contract
  • On Site: 69 Days
  • ID#: 22014108
0
Beds
0
Baths
0
½ Baths
0.16
Acres
7,992
SQFT
$34
$/SQFT
1964
Built
Neighborhood:
Walnut Park Add
County:
St Louis City
Area:
North
Elementary School:
Walbridge Elem. Community Ed.
Middle School:
Yeatman-Liddell Middle School
High School:
Vashon High
School District:
St. Louis City
Property Description
Good cash flowing 8 unit building. Average rents are $500/mth. There is an identical building next door where rents were advertised at $600/mth. Seller has done several repairs/updates including, but not limited to a new roof, new doors, some updated plumbing and electric, some water heaters, painting, flooring, windows, and more. We should be around a 10% CAP rate at current rents. It'll be higher when you raise them. Building is in decent shape, but could use some touchups here and there. Only showing one vacant unit now. You can see the rest with an accepted/contingent offer. DO NOT DISTUB THE TENANTS. Be sure to check out our VIDEO walk through.
Exterior Features

Attached Garage YN No Lot Size Dimensions 50X138 Parking Features Parking LotUnassigned

Interior Features

Above Grade Finished Area Source Public Records Cooling Window Unit(S) Heat Source Gas Heating Forced Air Heating YN Yes

Property Features

Association St. Louis Association Of Realtors Disclosures UnknownLimited Seller Discl Inclusions Building & Land Net Operating Income 28800 Ownership Private Possession Close Of Escrow Property Sub Type Multi-Family 5+ Property Sub Type Additional Apt Bldg/Exterior En Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 1917 Tax Year 2021 Tenant Pays Cable TvElectricityGas Transaction Type Sale Water Source Public

Listing provided courtesy of Welcome Home Realty Group, Llc. Listing information © 2022 Mid America Regional Information Systems, Inc.
Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-05-17T23:39:40.993.

Krista Hartmann Home Team | RE/MAX Results: 314-571-7482
 
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Krista Hartmann Home Team | RE/MAX Results
13208 Manchester Rd.
St. Louis MO, 63026