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
Est. payment: Skip to Mortgage Calculator
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
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
Cooling: Electric, Wall Unit(s)
Heat Source: Gas
Parking Description: On Street, Parking Lot
Sewer: Public Sewer
Tax Year: 2021
Taxes Paid: $5,611
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
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
3605 Meramec Street, St Louis, MO
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Listed by Radius Realty, Tammy Derrigan
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Listing information courtesy of: Radius Realty
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