$35,000
$40,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
768 SqFt
SOLD DATE : 03/10/2025
Key Details
Sold Price $35,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 768 sqft
Price per Sqft $45
Subdivision Papin Tr Add
MLS Listing ID 25006129
Sold Date 03/10/25
Style Bungalow / Cottage
Bedrooms 2
Full Baths 2
Construction Status 95
Year Built 1930
Building Age 95
Lot Size 3,241 Sqft
Acres 0.0744
Lot Dimensions irr
Property Sub-Type Residential
Property Description
Solid occupied rental property for a low price! This property is occupied with a long term (10+ years) tenant paying $550/month, electric, gas, and cares for the lawn - who pays rent like clockwork and is an amazing tenant who would like to stay for the indefinite future. Seller Pays Water/Trash (120/qtr) Sewer ($65/mo) Insurance (estimate 940/yr , seller doesn't carry). That is a 10.76% Cap Rate and a 1.65% rent ratio. TURNKEY AND.....
This property is strictly AS IS, Seller will do no repairs, nor provide new occupancy. Deferred maintenance as per photos. The roof age is unknown, at end of serviceable life, yet no known damage or leaks. Plumbing stack has a small leak as pictured near the floor. There could be some tuckpointing, gutterwork, soffit work done, as pictured, but again no known leaks or anything prompting action - nor any tenant requests or complaints. Back porch pulling away from building. VALUE ADD OPPORTUNITY! NO Seller Fin or Creative interest. NONE.
Location
State MO
County St Louis City
Area North
Rooms
Basement Bathroom in LL, Full, Partially Finished, Rec/Family Area, Sleeping Area, Stone/Rock
Main Level Bedrooms 1
Interior
Interior Features Carpets
Heating Forced Air
Cooling Electric
Fireplaces Number 1
Fireplaces Type None, Non Functional
Fireplace Y
Exterior
Parking Features false
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Structure Type Brick
Construction Status 95
Schools
Elementary Schools Hickey Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Sumner High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash Only, Exchange, Private
Listing Terms Cash Only, Exchange, Private
Special Listing Condition None
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Bought with Lynne Hart