Built in 1896 and located in McKinley Heights within walking distance to Lafayette Park, Fox Park and Soulard. Building is a three story four family that is 5,310 sq ft with two 3 bed units and two 1 bed units. The building needs rehab and the highest and best use is to convert to two townhomes. The two townhomes would each be 2,655 sq ft with 4 beds and 2 baths. Building is currently vacant. At $100 per SqFt (which is considerably lower than any of the comparable townhome sales) the after repair value would be $265,000 for each townhome with a total after repair value of $530,000. If kept as a 4 family after updating the 3 bed units would rent for approximately $1,100 and the 1 bed units for $625 for a total of $3,450 a month and $41,400 a year. Comparable Townhome Sales: 1829 Allen 3 Beds, 3 Baths, 2,007 SqFt $235,900 $117 Per SqFt. 2270 Jefferson 3 bed 3 bath 2,200 SqFt $244,900 $114 Per SqFt. 2042 Geyer 3 bed 3 bath 2,032 SqFt $251,000 $122 Per SqFt.
|DAYS ON MARKET||7||LAST UPDATED||4/19/2018|
|TRACT||Devolseys Add||YEAR BUILT||0|
|COMMUNITY||Central East||COUNTY||St Louis City|
|STATUS||Pending||PROPERTY TYPE(S)||Multi Family|
|School District||St. Louis City|
|Elementary School||Hodgen Elem.|
|Jr. High School||Fanning Middle Community|
|High School||Sumner High|
|Prior to Apr 19, '18||$149,000|
|Apr 19, '18 - Today||$129,000|
|CONSTRUCTION||Brick/Stone Msn Pred|
|EXTERIOR||Deck, Partial Fencing|
|HEAT||Forced Air, Gas|
|LOT||3877 sq ft|
|LOT DIMENSIONS||35 x 120|
|PARKING||On Street Parking|
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