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    3147 Cherokee Street

    St Louis, MO 63118
    • $350,000
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: 20033881
    UPDATED: 118 min ago
    $350,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,750
      SQFT
    • $127
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1909
    County:
    Area:

    School Ratings & Info

    Description

    Excellent opportunity to own this completely updated (and occupied) mixed-use building on lively Cherokee Street! The main floor is a restaurant with bar area, kitchen, spacious dining area & great outdoor patio space. The 2nd floor is a beautiful, 2BR apartment with 3rd bonus. Large living room with exposed brick, glowing hardwood floors, high ceilings & updated fixtures. The gorgeous kitchen has newer cabinets, counters, appliances, & tile floors. Private laundry. Rear BR has newer carpet, while front BR has beautiful hardwood. The bonus room would make a great home office/3rd BR. The bathroom has also been updated and even includes a jetted tub! The rear has off-street parking lot for the tenants. The building has been very well maintained. Restaurant leased through March of 2022. Apartment currently being rented month-to-month (were buyer wanting to be owner occupant), however tenant has expressed interest in staying long term. 2019 financials in attachments showing 7.7 Cap rate.

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    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-07-11T23:48:52.03.

    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
    www.beckyoneill.com/homes/106128370
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    3147 Cherokee Street St Louis, MO 63118

    • Price: $350,000
    • Status: Active
    • Updated: 118 min ago
    • ID#: 20033881
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,750
    SQFT
    $127
    $/SQFT
    1909
    Built
    Neighborhood:
    Mcadaras Add
    County:
    St Louis City
    Area:
    Central East
    Property Description
    Excellent opportunity to own this completely updated (and occupied) mixed-use building on lively Cherokee Street! The main floor is a restaurant with bar area, kitchen, spacious dining area & great outdoor patio space. The 2nd floor is a beautiful, 2BR apartment with 3rd bonus. Large living room with exposed brick, glowing hardwood floors, high ceilings & updated fixtures. The gorgeous kitchen has newer cabinets, counters, appliances, & tile floors. Private laundry. Rear BR has newer carpet, while front BR has beautiful hardwood. The bonus room would make a great home office/3rd BR. The bathroom has also been updated and even includes a jetted tub! The rear has off-street parking lot for the tenants. The building has been very well maintained. Restaurant leased through March of 2022. Apartment currently being rented month-to-month (were buyer wanting to be owner occupant), however tenant has expressed interest in staying long term. 2019 financials in attachments showing 7.7 Cap rate.
    Exterior Features

    Building Type 2 StoriesApartmentRestaurant Construction Conventional Exterior Brick Land Info Included Lot Dimensions .100 Parking Description Concrete Road Access City Street Road Frontage 10 Roof Flat

    Interior Features

    Cooling Central-Electric Heating Forced Air Interior Walls Drywall Miscellaneous Kitchen FacilitiesSmoke Alarm/Detec

    Property Features

    Association St. Louis Association of REALTORS Building Fuel Gas Commercial Property Type Retail Conditions Unknown Current Use Restaurant Disclosures CityOccupancy Perm ReqSellers Discl. Avail Electric Service 220 V Gross Operating Income 36000.00 Lot Size Source County Records Net Income 26881.79 Operating Expense ElectricityGasHeat/CoolingTelephone Possession At Closing Possible Buyer Fees YN No Potential Use Food/Bev/RestaurantResidence Sale Includes Building Only Selling Terms CashConventional Sewer Public Special Listing Conditions None Square Footage Source County Records Tax Year 2019 Taxes Paid 3116 Total Expenses 9118.21 Utilities Available ElectricGasWaterSewer Water Public Zoning Com

    Listing provided courtesy of Re/Max Vision. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-07-11T23:48:52.03.

    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
     
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    St. Louis MO, 63131