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$650,000 For Sale

4648 Gravois Avenue
St Louis, MO 63116

Multi Family Home
10846 sq ft - MLS# 18041545
Property Photo
1/28

Description

NEW PRICE!!! Fantastic INVESTMENT POTENTIAL for this Versatile Building * AN ARCHITECTURAL GEM * 10,000 SqFt of 1 to 4 store fronts on the Main Level plus 16 units - over 600 sqft per unit, 4 Room/1 Bedroom each With Its Own Newer Electric & Furnaces on 2nd and 3rd levels * Basement Parking Garage Possible. Can Be Purchased With Adjacent Building 4658 Gravois mls#17005271 * Concrete Floors Between each floor* Nice Tight Brick & Stone * HUGE ELECTRICAL SERVICE * Owner wants it gone * BEST PRICE Since 2002 !!! * 6 apartments rented @ $485.00, seller has repainted & cleaned up all the units renting for $450 t0 $550 per unit. 4 store front units approx 2275 sqft each . basement has a parking garage, needs a new ramp. 16 units at $450 per month is $7200 per month 0r $ 86,400 per year at $550 per month is $8800 per month or $105,600 per year store front units at $2,000 per month $8,000 or $96,000 per year. Gross rent could be $201,600 per year, once up and running could be great cash flow

Features

  • 1 BR - # of Units: 16
  • Age: 91
  • Area: South City
  • Association: St. Louis Association of REALTOR
  • Building Style: Mid-Rise 3or4 Story
  • Building Unit Info: No Units Furnished
  • Cable Available: 1
  • Construction: Brick/Stone Msn Pred
  • County/Area: St Louis City County
  • Elementary School: Mann Elem.
  • Garage: Yes, See Parking Description
  • Gross Operating Income: 200000.00
  • Heat Source: Gas
  • Heating: Forced Air
  • High School: Roosevelt High
  • Listing Status: Active
  • Location: City
  • Lot Dimensions: 70 x 128
  • Lot Size: 0.2490
  • Lot Size Source: County Records
  • Lot Square Footage: 10846
  • Middle School: Fanning Middle Community Ed.
  • Number Of Buildings: 1
  • Parking Description: On Street Parking,Parking Garage,Underground
  • Property Type: Multi Family Home
  • School District: St. Louis City
  • Sewer: Public
  • Square Footage: 29304
  • Square Footage Source: County Records
  • Sub Type: Multi-Family 5+
  • Tenant Pays: Electric,Gas
  • Water: Public
  • Water Heat: Gas
  • Zip Code: 63116

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