4448 Morganford, St Louis, MISSOURI 63116

$715,000
11,655
SqFt
Sold Price
$715,000
List Price
$695,000
Closing Date
Apr 16, 2021
Days on Market
36
MLS#
21013907
Status
CLOSED
Living Sq. Ft
11,655
Lot Size
15,115
Sq. Ft. Above
11,655
Acres
0.347
Year Built
1962
Age
59
Subdivision
Newport Place Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Here's your opportunity to own a well run and very well maintained complex in south city. Besides the building the property features a large nicely landscaped side yard for the tenants' enjoyment. A P&L is attached but covers only part of last year, when our company took over management. We can continue to manage, or you can or have another PM company do it. We have intentionally waited to sign new leases in anticipation of the sale, as there is room for increases! 12 units total, 6- 2bedroom units and 6 -1 bedroom units, each have 1 bath We have left 2 apartments vacant for showings and your own tenants: a 1 Bedroom unit J which is approx 384sq feet and a 2 bedroom unit L which is approx 750 sq feet Basement coin operated laundry 2 car garage only with additional income of $25.00 each garage 9 off street parking spaces. We prefer to accompany your showing; however, we have put a lockbox on for your convenience.

Additional Information

Gross Operating Income
72000
Total Expenses
$12,000
School District
St. Louis City
Elementary School
Oak Hill Elem.
Jr. High School
Long Middle Community Ed. Center
Sr. High School
Roosevelt High
Construction
Brick/Stone Msn Pred, Brk/Stn Veneer Frnt
Parking Description
1 Space/Unit, Other, Parking Lot, Unassigned
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
61.35
Taxes Paid
4763
Buyer's Agent Commission
2.5
Selling Terms
Cash, Conventional, Seller May Pay SmCls

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of RE Source, LLC. Selling Office: The Hermann London Group LLC.

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