$1,195,000

5855 Washington

St Louis MO, 63112

Description

EXTREMELY RARE - Massive, fully occupied gut renovated 12 family blocks from Washington University. Tenants/Owners can walk to Campus, Forest Park, the Loop, the CWE and tons of retail. The Building is half one's and half two's featuring: refinished hardwood floors, large new windows, new lateral/plumbing, electric, kitchens/baths, forced heat, central air, and W/D in unit. A brand new 20+ year-warranty roof was installed a couple months ago, along with brand new steel porches/fire escape. There is gated off street parking, and storage available in the basement. The units are rented to Wash U students but have not seen rent increases in years. There is tons of upside on this one; property runs in place btw 6.5-7% cap and can easily be north of a 10% cap with little effort - you wont find this deal in a 63112 zip code. Add some personal touches, or just cash your rent checks this property provides perfect value for someone looking to live & invest in a Class A neighborhood.

Details

MLS#20000254
Listing TypeFor Sale
Sub-TypeResale
StatusPending - Show
Year1915
Days On Site88

Features

SQ Feet12,000
Building(s)1

Market Activity 63112

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63112
AreaCentral West
Listing VS Median (in 63112)
Price:
$1,195,000
low | high
Med:
$129,900
100% of Average
SqFt:
12,000
low | high
Med:
1,848
100% of Average
$ / SqFt:
$100
low | high
Med:
$70
79.413682551758% of Average
On Site:
88
low | high
Med:
195
45.128205128205% of Average
Listing Updated: 04/03/2020
MLS Number: 20000254
Listing Provided By:
Sid Chakraverty  of  St. Louis Apartment Experts