Under Contract
3464 Watson
St Louis, MO 63139
3,420 sqft
$450,000
Details
This updated all brick 4-family features 1-bedroom, 1-bath units. Each unit has a large living room, dining room, kitchen and 3 season room off of the bedroom. All units have hardwood floors throughout, nice kitchens and bathrooms. The building has newer forced air heat and central A/C. The basement features private washer dryer hook ups and tenant storage space. There is a parking pad in the rear of the building with 4-spaces. Updated electric and main drain stacks in the basement. Just steps from great restaurants, Ted Drews, Lindenwood Park and Hampton/Chippewa shopping center. This is a great investment with a competitive cap rate. Don't miss your chance!
Long term tenants at lower rent, neighborhood market rents at $995/mo. Gross operating rent and net income calculated off of market rents with 8.02% cap rate.
See attached Proforma.
Specs
Type Multi-Family
Square Footage 3,420 sqft
Lot Size 0.12 acres
Year Built 1947
Taxes Paid $4,086
Lots & Building Features
Appliances Some Range Oven(s), Some Refrigerator(s)
Construction Brk/Stn Veneer Frnt
Cooling Electric
Heat Source Gas
Heating Forced Air
Parking Description Open
Sewer Public Sewer
Tax Year 2024
Water Public
Lot Dimensions 44X122 ft
Room Details
Misc Description Basement
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Area
City St Louis
County St Louis City
School District St. Louis City
Subdivision Southwest Park Add
Schools
Elementary School Mason Elem.
Junior High School Long Middle Community Ed. Center
Senior High School Roosevelt High