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9216 Central Drive

St Louis, MO 63114
  • $275,000
  • STATUS: Pending
  • ON SITE: 69 Days
  • ID#: 24015150
Pending
UPDATED: 158 min ago
$275,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,880
    SQFT
  • $95
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Back on the market at no fault of Seller! Discover a unique investment opportunity with this 2-story, 4-family brick building, presenting an ideal project for real estate investors looking to capitalize on rehab potential. While 2 units currently have significant water damage, this property promises a high upside for income, with projected rents ranging from $950 to $1,100 per unit/month post-rehab. Each unit offers the canvas for transformation into a high-demand rental. Sold as-is, this project is perfect for those ready to invest sweat equity to force appreciation and unlock exceptional returns. Seize the chance to revitalize and reap the rewards of this promising investment. Ideal for visionaries aiming to expand their portfolio and maximize earnings through strategic renovation.

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Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-05-23T17:39:41.3.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
www.beckyoneill.com/homes/148591499
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9216 Central Drive St Louis, MO 63114

  • Price: $275,000
  • Status: Pending
  • On Site: 69 Days
  • Updated: 158 min ago
  • ID#: 24015150
0
Beds
0
Baths
0
½ Baths
0.18
Acres
2,880
SQFT
$95
$/SQFT
1954
Built
Neighborhood:
Shackelford Place
County:
St Louis
Area:
Ritenour
Elementary School:
Marvin Elem.
Middle School:
Ritenour Middle
High School:
Ritenour Sr. High
School District:
Ritenour
Property Description
Back on the market at no fault of Seller! Discover a unique investment opportunity with this 2-story, 4-family brick building, presenting an ideal project for real estate investors looking to capitalize on rehab potential. While 2 units currently have significant water damage, this property promises a high upside for income, with projected rents ranging from $950 to $1,100 per unit/month post-rehab. Each unit offers the canvas for transformation into a high-demand rental. Sold as-is, this project is perfect for those ready to invest sweat equity to force appreciation and unlock exceptional returns. Seize the chance to revitalize and reap the rewards of this promising investment. Ideal for visionaries aiming to expand their portfolio and maximize earnings through strategic renovation.
Exterior Features

Attached Garage YN No Construction Materials Brick Driveway Asphalt Lot Size Dimensions 50x159 Lot Size Source County Records Parking Features More Than 1 Spc/UnitOpen

Interior Features

Above Grade Finished Area Source Public Records Appliances Some Range Oven(s) Cooling Wall/Window Unit(s) Heat Source Electric Heating Forced AirIndividual Furnaces Heating YN Yes

Property Features

Association St. Louis Association of REALTORS Building Description Apt/InteriorEntranceNeeds Rehab Cable Available Yes Cross Street Woodson Current Financing Cash OnlyConventionalOther Disclosures Other DisclosuresFlood Plain NoOccupancy Perm ReqSellers Discl. Avail Lease Term One or More Vacant Net Operating Income 33600 Operating Expense Includes InsuranceWater/SewerTaxesTrashFixed ExpensesMaintenanceManager Ownership Private Possession Close Of Escrow Property Sub Type Multi-Family 2-4 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 3776 Tax Year 2023 Tenant Pays ElectricityGas Transaction Type Sale Type Of Units 4-Family Water Source Public

Listing provided courtesy of Invest St. Louis: 3256201. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-05-23T17:39:41.3.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
 
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The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS
13208 Manchester Road
St. Louis MO, 63131