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2202 Hord AVE St Louis, MO 63136
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Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 15,416 sqft
Price per Sqft $38
Subdivision Jennings Tr
MLS Listing ID 23017888
Sold Date 06/07/23
Style Low/1-2
Year Built 1963
Annual Tax Amount $8,767
Lot Size 0.760 Acres
Acres 0.76
Lot Dimensions 275x115x275x115
Property Sub-Type 5 Family or More
Property Description
Check It Out! Rare Opportunity To Own A Fully Rented / Cash-Flowing 10-Family Ranchette Style Apartment Building. Solid Brick Construction, Built To Last. Desirable 2 Bedroom 1 Bathroom Ranch Units, Each Having Central Heating And A/C, Hardwood Floors, Private Basements, And Separate Metered Utilities. Long Term Manager Retiring, And The Mostly Long Term Tenants Are On Month-To-Month For The New Owner To Sign New Leases. Lots Of Upside Potential Due To Units Being Under Market Rent Of $750/Mo. = $90,000/Yr. Total Rent. Current Average $605/Mo. = $72600/Yr. Located In A Quiet Suburban Setting, Near Jennings City Hall. Clean Building With Friendly Tenants That Take Pride In Their Homes. This Is A Must See! Perfect Opportunity For A Savvy Investor To Take Advantage Of Low Commercial Loan Interest Rates With Low Downpayment Options, Making A Nice Cash Flow And High Cash-On-Cash Return!
Location
State MO
County St. Louis
Area 16 - Jennings
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Fireplace N
Appliance Electric Water Heater, Gas Water Heater
Laundry Washer Hookup, In Unit
Exterior
Parking Features false
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Schools
Elementary Schools Northview / Gary Gore
Middle Schools Jennings Jr. High
High Schools Jennings High
School District Jennings
Others
Ownership Private
Acceptable Financing Cash, 1031 Exchange, Private Financing Available, Conventional
Listing Terms Cash, 1031 Exchange, Private Financing Available, Conventional
Special Listing Condition Standard
Read Less
Bought with Bill Holloway
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