$250,000
$255,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
3146 Nebraska AVE St Louis, MO 63118
3,100 SqFt
Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,100 sqft
Price per Sqft $80
Subdivision St Louis Commons Add
MLS Listing ID MIS25023271
Year Built 1885
Lot Size 5,375 Sqft
Property Sub-Type 2-4 Units
Property Description
Well-maintained, value-add four-family located in the heart of Benton Park West, near Arsenal and Gravois corridor. High-demand rental pocket surrounded by Tower Grove East, South Grand, Soulard, and all the culture and amenities of South City. (2) 1-bed units, (1) 2-bed unit, and (1) studio. Two units currently leased, two nearly rent-ready (less than 30 days out). Pro forma gross rent estimated at $3,900/month. Building roof was fully replaced in December 2024.
Value add opportunities: One AC condenser is missing; one is aging – replacement costs can be factored in to the price. The exterior steps leading to basement are being repaired by the owner. Backyard deck and stairs may need maintenance work, repairs, staining, etc. Strong rental comps in the area support pro forma rent projections. Ideal mix of cash flow and appreciation.
Strategic location near public transit, restaurants, bars, and parks. Ideal for cash flow investors or a future house hacker.
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Froebel Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Special Listing Condition Standard
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