Skip To Content
    Return to Previous Page

    6424 Cates Avenue

    St Louis, MO 63130
    • $549,000
    • STATUS: Active Under Contract
    • ON SITE: 135 days
    • ID#: 20013007
    Under Contract
    UPDATED: 33 min ago
    $549,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,356
      SQFT
    • $126
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Information

    Elementary School:
    Middle School:
    School District:

    Description

    Wonderful opportunity to invest in a turnkey 4-unit apartment building right in the heart of the booming Delmar LoopOffered at an 8.52% Cap Rate return, 6424 Cates Ave boasts $1,295/rents on all four units, fully leased through May 2021! Great updates throughout, almost all PVC plumbing and copper supply, updated electric panels, tile flooring in kitchens, updated bathrooms and kitchens -- no need for any major updates to achieve great cash-flows for years to come. Full Roof Repair undertaken in 2018, new vinyl windows everywhere. These sizeable two-bedroom units have sun rooms often used as third bedrooms. Fenced-in backyard, and four spots of off-street parking.With all the continual development in the Delmar Loop, and nearby Washing University, this neighborhood has performed incredibly for investors for the, and is poised tremendously for future growth.Invest today before it's gone!

    Monthly Payment Calculator

    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-07-14T15:49:59.427.

    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
    www.beckyoneill.com/homes/103717631
    Print Image

    6424 Cates Avenue St Louis, MO 63130

    • Price: $549,000
    • Status: Active Under Contract
    • Updated: 33 min ago
    • ID#: 20013007
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,356
    SQFT
    $126
    $/SQFT
    1925
    Built
    Neighborhood:
    North Parkview
    County:
    St Louis
    Area:
    University City
    Elementary School:
    Flynn Park Elem.
    Middle School:
    Brittany Woods
    High School:
    University City Sr. High
    School District:
    University City
    Property Description
    Wonderful opportunity to invest in a turnkey 4-unit apartment building right in the heart of the booming Delmar LoopOffered at an 8.52% Cap Rate return, 6424 Cates Ave boasts $1,295/rents on all four units, fully leased through May 2021! Great updates throughout, almost all PVC plumbing and copper supply, updated electric panels, tile flooring in kitchens, updated bathrooms and kitchens -- no need for any major updates to achieve great cash-flows for years to come. Full Roof Repair undertaken in 2018, new vinyl windows everywhere. These sizeable two-bedroom units have sun rooms often used as third bedrooms. Fenced-in backyard, and four spots of off-street parking.With all the continual development in the Delmar Loop, and nearby Washing University, this neighborhood has performed incredibly for investors for the, and is poised tremendously for future growth.Invest today before it's gone!
    Exterior Features

    Building Desc Apt/Interiorentrance Lot Dimensions 40 X 132 / 40 X 128 Parking Description Off Street

    Interior Features

    Appliances Some Some Dishwasher(S)Some Refrigerator(S)Some Range Oven(S) Cooling Central-Gas Heat Source Gas Heating Forced Air Miscellaneous BasementPartial Fencing Water Heater Gas

    Property Features

    Association St. Louis Association of REALTORS Conditions Unknown Contingent Info Subject To FinancingSubject To Inspec. Disclosures Limited Seller Discl Fixed Expenses InsuranceSewerTaxesTrash RemovalWater Gross Operating Income 59052.00 Lot Size Source County Records Net Income 44289.00 Operating Expenses Fixed ExpensesHeat/CoolingMaintenanceSnow RemovalSupplies Possession At Closing Possible Buyer Fees YN No Property Type Multi-Family 2-4 Selling Terms CashConventional Sewer Public Special Listing Conditions None Square Footage Source County Records Tax Year 219 Taxes Paid 5172 Tenancy Type Leases Tenant Pays ElectricGas Total Expenses 14763.00 Transaction Type Sale Type Of Units 4-Family Water Public

    Listing provided courtesy of Evan Kuhn, Broker. 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 2020-07-14T15:49:59.427.

    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
     
    https://bt-photos.global.ssl.fastly.net/midamerica/1280_boomver_1_20013007-2.jpg https://bt-photos.global.ssl.fastly.net/midamerica/1280_boomver_1_20013007-2.jpg https://bt-photos.global.ssl.fastly.net/midamerica/1280_boomver_1_20013007-2.jpg
    Logo
    The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS
    13208 Manchester Road
    St. Louis MO, 63131