Jane Ahl - Coldwell Banker Premier Group
5931 Maple Ave
St Louis, MO 63112

Description

Opportunity to rehab "The Martanna" an architecturally unique 6 family in the rapidly developing West End neighborhood. Seller open to seller financing to a qualified buyer. Located a few blocks from the Washington University North Campus, U City Loop, new Loop Trolley. Built in 1917 building is six 1,100 sq ft units, it is possible to add two additional units in the lower level as the 1st floor apartments are raised above ground and there are windows in the lower level. Plenty of space in the backyard to add off street parking. Building is vacant. Potential for 10 year tax abatement through the city after rehab. Recent as-is six family sales needing renovation in 63112- 5554 Delmar $395,000, 5901 Cates $295,000, 5909 Cates $225,000, 5804 Cates $219,900. Rent Comps after rehab- 5572 Clemens 63112- 3 bed updated units rented for $895, 5858 Cates 63112- 3 bed updated units rented for $1,150, 1019 Skinker rents from $950-$1,400. Building needs full rehab, being sold as-is.

Details

MLS#18039951
Sub-TypeResale
StatusActive
Year1917
Days On Site154

Features

Building(s)1

Market Activity 63112

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63112
AreaCentral West
Listing VS Median (in 63112)
Price:
$110,000
low | high
Med:
$161,900
2.818181818182% of Average
On Site:
154
low | high
Med:
48
100% of Average
Listing Updated: 10/18/2018
MLS Number: 18039951
Listing Provided By:
Jordan Schoen  of  Invest St. Louis