Multi-Family for Sale: 3605 Meramec Street, St Louis, MO 63116

3605 Meramec Street, St Louis, MO 63116
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$50,000 - 10/20/2022

Type: Multi-Family
Lot Size: 0.07 acres
Year Built: 1926
Assoc Fee Paid: None

City: St Louis
County: St Louis City
School District: St. Louis City
Subdivision: Grand Meramec Park Add

MLS: 22018017
Status: Active
DOM: 293 days
This is a solid mixed-use property with 4 commercial spaces, 6 efficiency units, and 4 1-bed units. All the residential units have a private balcony so even the efficiency units feel spacious. (Listing shows the commercial spaces as 2-bed units). Seven of the ten residential units have been updated with laminate wood flooring and hotel-style heating and air conditioning wall units. The commercial units have central air. The building is structurally sound and has updated plumbing and electric. Large basement is not used by tenants and would be great for your building supply storage needs – or rent it out. Great visibility and easy access to public transportation. With existing current rents, less current operating expenses (see RPV in supplements), this property has an NOI of $49,371, making it a 6.95% cap at asking price.

Lot & Building Features

Assoc Fee Paid: None
Construction: Brick
Cooling: Electric, Wall Unit(s)
Heat Source: Gas
Heating: None
Parking Description: On Street, Parking Lot
Sewer: Public Sewer
Tax Year: 2021
Taxes Paid: $5,611
Water: Public
Lot Dimensions: IRR

Community and Schools

Elementary School: Buder Elem.
Junior High School: Long Middle Community Ed. Center
Senior High School: Roosevelt High

Price History of 3605 Meramec Street, St Louis, MO

Date Name Price Difference
10/20/2022 Price Adjustment $710,000 6.58%
07/08/2022 Price Adjustment $760,000 1.94%
06/02/2022 Listing Price $775,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 3605 Meramec Street, St Louis, MO

Location Map Street View Walk Score Bird's Eye
Photo of Loren Jenks
Direct: 314-308-3069
2242 Thurman Ave
Saint Louis, MO 63110
Listed by Radius Realty, Tammy Derrigan
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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: Radius Realty

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