Jane Ahl - Coldwell Banker Premier Group
631 5th St
St Charles, MO 63301

Description

Location, location, location!!! Very rare opportunity to acquire a multi-family historic building in a popular historic St. Charles downtown area. Recently renovated and 100% occupied 9-unit apartment building - 3 one bedrooms and 6 large studio apartments with 10' ceilings. Rents below market, well positioned to increase rents substantially by making cosmetic changes. A great value-add opportunity, all 9 leases have been renewed till spring 2019, listed at an attractive 8.3% cap rate. Conveniently located on a popular 5th street, very smooth running and low maintenance. New architectural shingles, new gutters, new hallway flooring, interior hallway paint. Enjoy Main Street, Frenchtown, and all the activities of city living. Within minutes of Main Street, Lindenwood University, Ameristar Casino, Shopping centers, Restaurants, Bars. Parks, and St. Johns Hospital. Walking distance to River Front, Main Street, and Frontier Park. Owner is a licensed real estate professional.

Details

MLS#18037016
Sub-TypeResale
StatusActive
Year1860
Days On Site164

Features

SQ Feet7,882
Building(s)1

Market Activity 63301

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Area Information

StateMO
CountySt Charles
CitySt Charles
Zip Code63301
AreaSt. Charles
Listing VS Median (in 63301)
Price:
$574,999
low | high
Med:
$225,000
100% of Average
SqFt:
7,882
low | high
Med:
1,543
100% of Average
$ / SqFt:
$73
low | high
Med:
$146
50.184328761599% of Average
On Site:
164
low | high
Med:
232.5
70.537634408602% of Average
Listing Updated: 10/20/2018
MLS Number: 18037016
Listing Provided By:
Yasmin Ansari  of  Coldwell Banker Gundaker SC1