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225 W Steins Street, St Louis, MO 63111

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For Sale

$449,999

4,217 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $106.71
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This renovated property features 6 truly, turn-key, 1 BR units that stay in demand & are easily rented. The property underwent a wholesale renovation roughly 15 years ago with updates to all major components (roof, plumbing, electrical, HVAC, windows, etc.). All units offer updated kitchens with dishwashers, spacious bathrooms with tub/ shower combo, central heating & cooling, and in-unit Washer/ Dryer). Plus, the building is all electric which is another big selling point for tenants. Over half the building is occupied by long-term tenants, some of which have been there 5+ years. There is off-street parking on a concrete pad in back. All tenants are on market rate leases and gross monthly revenues surpass $4,500 at 100% occupancy. At current financials (let's repeat that - at current financials - not some dream world), the cap rate is exceeding 8%. The building is located in the Historic, Carondelet neighborhood within walking distance to several desirable amenities: Upgraded YMCA Rec-Plex; Grocery & Retail Stores; Carondelet Park with lake, trails and playgrounds; Great Rivers Greenway trails; locally-owned restaurants like Stacked & Perennial Artisan Ales; and easy access to public transportation. This is a stable, cash-flowing investment that you ll want to add to your portfolio! 1 unit was built-out as ADA compliant. Seller is currently keeping 1 unit vacant for showings but it will likely fill quickly. Make your appointment to view soon! This property can be sold together as a package with MLS #s: 25076015 & 25065186
MLS# 25076014

Courtesy Of St. Louis Real Estate Society

(314) 222-0780

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Security System, Security System
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.14 Acres

Map and Directions

Directions to 225 W Steins Street, St Louis, MO 63111

Home seller CENTURY 21 American Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 American Realty

(573) 785-2121
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.