Price Reduced
1210 Lynch Street
St Louis, MO 63118
$1,135,000
Details
10+ Door Package with a 6-1/2 cap rate available to an investor looking for a portfolio. Consists of a 4-family in Soulard, 2 two-family properties, and 2 single family, one of which has an existing, additional building which could be renovated into an 11th door.
Gross rents: $111,960 but could be $164,520 according to rentometer.com
Package NOI: $77,395
Cap Rate 6.6% at current rents
1208-10 Lynch, 3651 Marceline Terrace, 227-229 Schirmer, 7624 Vermont, and 4058 Concordia.
Out of the ten doors, 9 are occupied with varying lease terms, one is available for showing; do not approach the buildings or the tenants.
Specs
Type Multi-Family
Lot Size 0.09 acres
Year Built 1886
Taxes Paid $2,935
Lots & Building Features
Construction Other
Cooling Electric, Window Unit(s), Other
Heat Source Gas
Heating Forced Air
Parking Description Other
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions irregular
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Area
City St Louis
County St Louis City
School District St. Louis City
Subdivision Soulard
Schools
Elementary School Sigel Elem. Comm. Ed. Center
Junior High School Long Middle Community Ed. Center
Senior High School Roosevelt High