Multi-Family for Sale: 4156 Folsom Avenue, St Louis, MO 63110
4156 Folsom Avenue, St Louis, MO 63110
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Est. payment: Skip to Mortgage Calculator
Lot Size: 0.29 acres
Year Built: 1957
Assoc Fee Paid: None
City: St Louis
County: St Louis City
School District: St. Louis City
Subdivision: Dundee Add
DOM: 132 days
Rare opportunity to purchase under-rented 10 and 8 unit multi-family buildings next door to each other in the Botanical Heights neighborhood. 18 total units across 3 buildings with total square footage exceeding 13,000 sq ft. 13 of 18 units are occupied, with current rents below market. 7 units have been renovated with 4 in process of renovation which will be completed prior to closing. There is the potential to add value and raise rents significantly in the future - these units rented at market rates would yield $13,050 of gross rental income a month, $156,600 annually based on $725 rents. There are rent comparables for similar size apartments nearby that rent from $750-$1,350 depending on amenities and updates. Located in close proximity to Forest Park, Washington University School Of Medicine, St. Louis University, University Of Health Science And Pharmacy In St. Louis, Botanical Gardens and Tower Grove Park. Addresses are 4156 Folsom (10 units) and 4164 Folsom 63110 (8 units).
Lot & Building Features
Assoc Fee Paid: None
Cooling: Window Unit(s)
Heat Source: Gas
Heating: Forced Air
Parking Description: On Street, Unpaved, Other
Sewer: Public Sewer
Tax Year: 2021
Taxes Paid: $2,801
Lot Dimensions: 150' x 128' ft
Community and Schools
Elementary School: Adams Elem.
Junior High School: Fanning Middle Community Ed.
Senior High School: Vashon High
Price History of 4156 Folsom Avenue, St Louis, MO
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
4156 Folsom Avenue, St Louis, MO
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Listed by Invest St. Louis, Jordan Schoen
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Listing information courtesy of: Invest St. Louis
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