1323 Woodland DR Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63117
Key Details
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Active
Purchase Type For Sale
Square Footage 3,552 sqft
Price per Sqft $211
Subdivision Westmoor Park 2
MLS Listing ID 24058463
Year Built 1925
Building Age 99
Lot Size 0.275 Acres
Property Description
Once in a lifetime chance to own OVER A QUARTER ACRE (11,996SF) in prime RICHMOND HEIGHTS, with 2 duplexes (4 units total). All units are oversized 888sqft 1bed/1bath units, currently all leased below market rent but bringing in $4,020/month ($48,240 annually). According to Apartments.com, 1bed apartments market rent is $1850/m to $3300/month in this location. Both buildings have dual sets of washers/dryers. Endless opportunities here- continue renting the units & raise rents as they are, renovate the units for massive rent increases, or even possibly redevelop on the huge lot. Close to the best "Med and Ed" tenants in St Louis; 1.5 miles from Washington University, 1.4 miles from Forest Park, 1.8 miles from Whole Foods and a 7min drive to Barnes Jewish Hospital. Richmond Heights has an A+ "Overall Niche Grade" and is ranked the #5 "Best Places to Live in Missouri" according to Niche.com. 1319 & 1323 Woodland dr are listed here (can be purchased individually).
Location
State MO
County St Louis
Area Maplewood-Rchmnd Hts
Interior
Heating Forced Air
Cooling Electric,Gas
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Mrh Elementary
Middle Schools Mrh Middle
High Schools Maplewood-Richmond Hgts. High
School District Maplewood-Richmond Heights
Others
Acceptable Financing Cash Only,Conventional,Exchange
Listing Terms Cash Only,Conventional,Exchange
Special Listing Condition None