Traditional

3124 Magnolia Avenue

St Louis, MO 63118

MLS#: 26051288

$359,900

Status: Active

Listing number: 26051288

Listing provided by: Linda Alexander Real Estate LLC

Listing agent phone: None

Last update: 9 hours ago

On site: 17 days ago

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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1907

Sq.Footage

5,560

MIXED-USE REDEVELOPMENT OPPORTUNITY WITH POTENTIAL SELLER FINANCING. Unique opportunity in historic Tower Grove East. This approximately 5,560-square-foot corner building offers exceptional flexibility for an owner-user, investor, entrepreneur or developer. The updated main level, formerly operated as a convenience store and deli, may accommodate retail, professional services, salon/beauty, food service or other legally permitted uses. The upper level, formerly configured as two residential units, is currently gutted and ready for redevelopment. The former residential units are not presently configured for occupancy and will require redevelopment and applicable governmental approvals. Improvements include newer upper-level windows, storefront windows and select main-level renovations. Convenient access to I-44, I-55, I-64, downtown St. Louis and surrounding neighborhoods. Property is offered AS-IS, WHERE-IS; seller will make no repairs. Seller financing may be available to qualified buyers submitting a full-price offer, subject to underwriting, seller approval and definitive financing documents. Buyer must independently verify zoning, permitted uses, occupancy requirements and redevelopment approvals. Also listed in the Commercial category under MLS #26054395. Owner/Agent

Features & Amenities

Interior

Total Bedrooms

N/A
Bathrooms

N/A
Above Grade Finished Area

5560.0
Basement YN

YES
Cooling YN

YES
Cooling

Ductless, Electric, Multi Units
Fireplace YN

NO
Heating YN

YES
Heating

Natural Gas
Pet friendly

N/A

Exterior

Garage

No
Construction Materials

Brick, Other
Parking

Off Street, Parking Pad
Pool

No
Waterfront YN

NO

Area & Lot

Lot Features

City Lot, Corner Lot, Level
Lot Size(acres)

0.038
Lot Size(square feet)

1,655
Property Type

Residential Income
Property Sub Type

Multi Family
Architectural Style

Traditional

Price

Sales Price

$359,900
Tax Amount

$262
Sq. Footage

5,560
Price/SqFt

$64

HOA

Association

No

School District

Elementary School

Shenandoah Elem.
Middle School

Long Middle Community Ed. Center
High School

Roosevelt High

Property Features

New Construction

NO
Ownership

Private
Water Source

Public

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Location

County

St Louis City

Elementary School

Shenandoah Elem.

Middle School

Long Middle Community Ed. Center

High School

Roosevelt High

Listing Courtesy of Linda Alexander , Linda Alexander Real Estate LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent

Owen Shotkoski

Call Owen today to schedule a private showing.

(402) 658-3116

owen@homeatthelake.com

* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.

MIXED-USE REDEVELOPMENT OPPORTUNITY WITH POTENTIAL SELLER FINANCING. Unique opportunity in historic Tower Grove East. This approximately 5,560-square-foot corner building offers exceptional flexibility for an owner-user, investor, entrepreneur or developer. The updated main level, formerly operated as a convenience store and deli, may accommodate retail, professional services, salon/beauty, food service or other legally permitted uses. The upper level, formerly configured as two residential units, is currently gutted and ready for redevelopment. The former residential units are not presently configured for occupancy and will require redevelopment and applicable governmental approvals. Improvements include newer upper-level windows, storefront windows and select main-level renovations. Convenient access to I-44, I-55, I-64, downtown St. Louis and surrounding neighborhoods. Property is offered AS-IS, WHERE-IS; seller will make no repairs. Seller financing may be available to qualified buyers submitting a full-price offer, subject to underwriting, seller approval and definitive financing documents. Buyer must independently verify zoning, permitted uses, occupancy requirements and redevelopment approvals. Also listed in the Commercial category under MLS #26054395. Owner/Agent

3124 Magnolia Avenue

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None Beds

None Baths

2,496 Sq.Ft.

$337,000

MLS#: 26054540

New on site 3 days ago

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Turnkey 4 Family at a 9.9% cap rate. 100% turnkey and generating a NOI of $33k, this thing is ready to cashflow for you! All HUGE 1 bed units. One of which was furnished and continuously making 1550-1800 monthly to travelling professionals / mid-term for 8 years! It is now being unfurnished to support the sale, but the opportunity is there for buyer to establish their own. Airbnb was the reservation vehicle but they will require cancelling any reservation and removing the listing at sale - so its being done in advance.

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None Baths

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MLS#: 26054609

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Traditional

Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

Schedule a Showing

Mortgage calculator

Listing Courtesy of Linda Alexander , Linda Alexander Real Estate LLC

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