Ryan Shakofsky - Coldwell Banker Premier Group
3605 Meramec
St Louis, MO 63116

Description

3605 Meramec is a single building with 4 Commercial Spaces on the First Floor, and 10 apartment units on the second and third floors (THE LISTING SHOWS THE COMMERCIAL SPACES AS 2BR UNITS). There are 4 one bedroom/one bath units, and 6 efficiency units. This is a great turnkey investment for the investor looking to add stable cash flow to their portfolio. The building is structurally sound, plumbing and electric have been updated 7 of the 10 residential units have had recently undergone a cosmetic makeover with new laminate wood flooring and new hotel style heating and air conditioning wall units. There is plenty of room to raise rents and improve your cashflow. The hallways and common areas are clean and have been well maintained. All of the residential units have a private balcony so even the efficiency units feel spacious. Don't miss out on the great opportunity to invest in a turnkey building with great upside potential!!

Details

MLS#18049136
Sub-TypeResale
StatusActive
Year1926
Days On Site100

Features

SQ Feet14,216
Building(s)1

Market Activity 63116

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63116
AreaSouth City
Listing VS Median (in 63116)
Price:
$449,000
low | high
Med:
$129,900
100% of Average
SqFt:
14,216
low | high
Med:
2,552
100% of Average
$ / SqFt:
$32
low | high
Med:
$51
11.160852050185% of Average
On Site:
100
low | high
Med:
170
58.823529411765% of Average
Listing Updated: 09/25/2018
MLS Number: 18049136
Listing Provided By:
Brian Take  of  Apartment Advisors of America