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$420,000
Est. payment /mo
2,415 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Pending
Purchase Type For Sale
Square Footage 2,415 sqft
Price per Sqft $173
Subdivision City/St Charles
MLS Listing ID 25028942
Year Built 1930
Lot Size 5,279 Sqft
Acres 0.1212
Lot Dimensions 39x133
Property Sub-Type 5 Family or More
Property Description
Rare opportunity to acquire an updated 7-family property with a 2-car garage in St. Charles. The main building includes five units, while two additional units are located in a separate building at the rear of the property. Tenants enjoy access to a fenced backyard and a covered front porch. The main building offers approximately 2,415 sq ft of living space, with an estimated 1,100 sq ft in the rear building, totaling roughly 3,515 sq ft. Currently, six units are occupied. Once fully leased—including the seventh unit and the second garage space (which rents for $50/month)—the property is projected to generate $4,335 per month in gross rental income. There is solid potential for rent increases. The average rent for studio apartments within a 10-mile radius over the past year is $1,207, while one-bedroom units within a 3-mile radius averaged $1,309. Over the past 12 months, the property generated $47,531 in income, with operating expenses totaling $20,540.
Location
State MO
County St. Charles
Area 403 - St. Charles
Interior
Heating Other
Cooling Wall Unit(s)
Fireplace N
Appliance Other
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Architectural Style Low/1-2
Structure Type Brick,Other
Schools
Elementary Schools Blackhurst Elementary
Middle Schools Jefferson / Hardin
High Schools St. Charles High
School District St. Charles R-Vi
Others
Ownership Private
Special Listing Condition Standard
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Listed by Invest St. Louis
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