Sold

1851 S 10th Street

St Louis MO, 63104

N/A


Sold

Multi-family

Built in 1880

Back on the market no fault to seller, last time this went under contract in 48hrs, call for details ASAP! This property brings in $4,400/month TODAY, much higher rents than any 2-4 unit building in Soulard active for sale. 3 units for sale in Soulard, fully leased. Duplex in the front (1b1b and 2b1.5b) and a carriage house in the back (1b1b). The units are leased for $1900/m, $1350/m and $1150/m. Annualized, the rent roll brings you to $52,800. With 5% vacancy and a 25% expense ratio, the cap rate comes out to 7.76%. Every apartment has IN UNIT WASHER DRYER and stainless steel appliances. The entire property has beautiful, fresh rocked landscaping with weed barriers which means NO GRASS TO BE MOWED and there will only be minimal weeds. With fresh paint inside and out, this property glistens. Located right next to possibly the most famous Mexican restaurants; Chavas AND the new Asian-fusion bar/restaurant; Stews- you are less than 25 yards from 2 of the best restaurants in the city.

24047151

MLS ID

July 29, 2024

Listed

February 24, 2025

Updated

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.07 Acres


Sewer

Public Sewer

School Information

School District

St. Louis City


High School

Roosevelt High


Elementary School

Sigel Elem. Comm. Ed. Center

Other Property Details

Area Name

Central East


Taxes

$2,186


Tax Frequency

Annually


Days on Market

53


Garage

No


Parking

On Street


View

No


County

St Louis City


Municipality

St. Louis City


Water Source

Public

Listing History

Date

Event

Price

11/11/2024

Sold

9/20/2024

Pending

9/5/2024

Price change

$499,000

2%

9/5/2024

Active

7/31/2024

Under contract

7/29/2024

Active

Courtesy of The Agency, Anthony Klier

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cheri Norton Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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