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6424 Cates Avenue

St Louis, MO 63130
  • $574,900
  • STATUS: Active Under Contract
  • ON SITE: 17 Days
  • ID#: 22000385
Under Contract
UPDATED: 9 min ago
$574,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,356
    SQFT
  • $132
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Information

Elementary School:
Middle School:
School District:

Description

Wonderful opportunity to invest in a turn-key 4-unit apartment building right in the heart of the booming Delmar Loop. Offered at an 8.52% Cap Rate Return,6424 Cates boasts $1325 rents on all four units leased through May/June 2022.Great updates throughout, almost all PVC plumbing and copper supply, updated electrical panels, tile flooring in the kitchens, updated bathrooms and kitchens, - NO need for any major updates to achieve great cash-flows for years to come. Full roof repair in 2018, new vinyl windows everywhere. These sizable 2-bedroom units have sunrooms often used as a third bedroom. Fenced-in back yard, and four spots of off street parking. With the continual development in the Delmar Loop and the nearby Washington University, this neighborhood has performed incredibly well for investors and is positioned nicely for future growth...Call today before it's gone!

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Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-01-22T21:39:00.34.

Mid Rivers Homes powered by Keller Williams Realty: 636-734-3797
www.midrivershomes.com/homes/124424379
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6424 Cates Avenue St Louis, MO 63130

  • Price: $574,900
  • Status: Active Under Contract
  • On Site: 17 Days
  • Updated: 9 min ago
  • ID#: 22000385
0
Beds
0
Baths
0
½ Baths
0.12
Acres
4,356
SQFT
$132
$/SQFT
1927
Built
Neighborhood:
North Parkview
County:
St Louis
Area:
University City
Elementary School:
Flynn Park Elem.
Middle School:
Brittany Woods
High School:
University City Sr. High
School District:
University City
Property Description
Wonderful opportunity to invest in a turn-key 4-unit apartment building right in the heart of the booming Delmar Loop. Offered at an 8.52% Cap Rate Return,6424 Cates boasts $1325 rents on all four units leased through May/June 2022.Great updates throughout, almost all PVC plumbing and copper supply, updated electrical panels, tile flooring in the kitchens, updated bathrooms and kitchens, - NO need for any major updates to achieve great cash-flows for years to come. Full roof repair in 2018, new vinyl windows everywhere. These sizable 2-bedroom units have sunrooms often used as a third bedroom. Fenced-in back yard, and four spots of off street parking. With the continual development in the Delmar Loop and the nearby Washington University, this neighborhood has performed incredibly well for investors and is positioned nicely for future growth...Call today before it's gone!
Exterior Features

Attached Garage YN No Lot Size Dimensions +/- 40 X 132/ 40 X 128 Lot Size Source County Records Parking Features Off Street

Interior Features

Above Grade Finished Area Source Public Records Appliances Some Dishwasher(S)Some Refrigerator(S)Some Range Oven(S) Cooling Electric Heat Source Gas Heating Forced Air Heating YN Yes

Property Features

Association St. Louis Association Of Realtors Association Fee 0 Association Fee Frequency None Building Description Apt/Interiorentrance Disclosures UnknownFlood Plain NoLimited Seller Discl Lease Term Leases Miscellaneous BasementPartial Fencing Net Operating Income 49034 Operating Expense Includes InsuranceWater/SewerTaxesTrashWater/SewerFixed ExpensesHeat/CoolingMaintenanceSnow RemovalSupplies Ownership Private Possession Negotiable Property Sub Type Multi-Family 2-4 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 6999 Tax Year 2021 Tenant Pays ElectricityGas Transaction Type Sale Type Of Units 4-Family Water Source Public

Listing provided courtesy of Mary Lewis Realty. Listing information © 2022 Mid America Regional Information Systems, Inc.
Listing information © 2022 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2022-01-22T21:39:00.34.

Mid Rivers Homes powered by Keller Williams Realty: 636-734-3797
 
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