Rock Island Realty

Historic, Low/1-2

4109 Lafayette Avenue

St Louis, MO 63110

MLS#: 26048603

$725,000

Status: Active
Listing number: 26048603
Listing provided by: The Hermann London Group LLC
Listing agent phone: None
Last update: 2 months ago
On site: 2 months ago
Browse Properties
Shaws Lafayette Add 03 - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1916

Sq.Footage

3,962

Located in the desirable Botanical Heights & rapidly appreciating Forest Park Southeast submarket, this fully rehabbed 100% OCCUPIED quadruplex is a perfect investment opportunity to add to your real estate portfolio. Electric panels and plumbing have all been recently replaced within the last 6-8 years. With 2 rents slightly below market value, this building has the potential of an over 8.5% CAP RATE when increased. Each unit is approximately 900sf with a spacious living room, kitchen, 2 full bathrooms, 2 bedrooms & a private in-unit laundry room. The basement offers additional storage space. There is private off-street rear tenant parking for 4 vehicles. Each unit has its own private balcony off the bedroom to enjoy cool Saint Louis evenings. One lease expires at the end of October so this makes for a great opportunity for an owner occupant or someone getting a VA loan. This unbeatable neighborhood nestled between Shaw & The Grove offers a quick walk to many great restaurants & the Missouri Botanical Gardens. You'll love nearby Tower Grove Park where you can enjoy farmer's markets, food trucks, festivals & amazing green space. Walking distance to WashU Medical Campus. Don't miss the opportunity to own this MUST SEE building!

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Granite Counters, Kitchen Island, Stone Counters

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3962.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Stone

  • Other Exterior Features

    Balcony

  • Parking

    Concrete, Parking Pad

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1194

  • Lot Size(square feet)

    5,201

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Historic, Low/1-2

Price

  • Sales Price

    $725,000

  • Tax Amount

    $288

  • Financing Options

    1031 Exchange, Cash, Conventional, FHA, VA Loan

  • Sq. Footage

    3,962

  • Price/SqFt

    $182

HOA

  • Association

    No

School District

  • Elementary School

    Adams Elem.

  • Middle School

    Elias Michael Elem.

  • High School

    Vashon High

Property Features

  • New Construction

    NO

  • Foundation Details

    Stone

  • Senior Community YN

    NO

  • Water Source

    Public

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Location

County

St Louis City

Elementary School

Adams Elem.

Middle School

Elias Michael Elem.

High School

Vashon High

Listing Courtesy of Nidhi Soni, The Hermann London Group LLC

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Agent Owen Shotkoski

Agent

Owen Shotkoski

Call Owen today to schedule a private showing.

(402) 658-3116

owen@homeatthelake.com


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Located in the desirable Botanical Heights & rapidly appreciating Forest Park Southeast submarket, this fully rehabbed 100% OCCUPIED quadruplex is a perfect investment opportunity to add to your real estate portfolio. Electric panels and plumbing have all been recently replaced within the last 6-8 years. With 2 rents slightly below market value, this building has the potential of an over 8.5% CAP RATE when increased. Each unit is approximately 900sf with a spacious living room, kitchen, 2 full bathrooms, 2 bedrooms & a private in-unit laundry room. The basement offers additional storage space. There is private off-street rear tenant parking for 4 vehicles. Each unit has its own private balcony off the bedroom to enjoy cool Saint Louis evenings. One lease expires at the end of October so this makes for a great opportunity for an owner occupant or someone getting a VA loan. This unbeatable neighborhood nestled between Shaw & The Grove offers a quick walk to many great restaurants & the Missouri Botanical Gardens. You'll love nearby Tower Grove Park where you can enjoy farmer's markets, food trucks, festivals & amazing green space. Walking distance to WashU Medical Campus. Don't miss the opportunity to own this MUST SEE building!

4109 Lafayette Avenue

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