Rock Island Realty

Low/1-2, Traditional

4126 McRee Avenue

St Louis, MO 63110

MLS#: 26059676

$565,000

Status: Active
Listing number: 26059676
Listing provided by: The Hermann London Group LLC
Listing agent phone: None
Last update: 16 days ago
On site: 16 days ago
Browse Properties
Shaws Lafayette Ave Add 3 - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1922

Sq.Footage

3,570

Located in the desirable Botanical Heights & rapidly appreciating Forest Park Southeast submarket, this well maintained 100% OCCUPIED quadruplex is a perfect investment opportunity to add to your real estate portfolio and PRICED TO SELL and instant equity. Comps in area for similar 1 bed/1 bath are well over this price point (4133 and 4130 McRee) and new construction homes sprinkled throughout are contributing to the rapidly increasing price points. Electric panels and plumbing have all been recently replaced within the last 6-8 years. With rents below market value, this building has the potential of an over 8.0% CAP RATE when increased. Each unit is approximately 650sf with a spacious living room, kitchen, bathroom, 1 bedroom & a private in-unit laundry area. The basement offers additional storage space. There is private off-street rear tenant parking for 4 vehicles. This unbeatable neighborhood nestled between Shaw & The Grove offers a quick walk to many great restaurants & the Missouri Botanical Gardens. You'll love nearby Tower Grove Park where you can enjoy farmer's markets, food trucks, festivals & amazing green space. Walking distance to WashU Medical Campus. Don't miss the opportunity to own this MUST SEE building!

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Open Floorplan, Stone Counters

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3570.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Stone

  • Parking

    Concrete, Parking Pad

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1263

  • Lot Size(square feet)

    5,501

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Low/1-2, Traditional

Price

  • Sales Price

    $565,000

  • Tax Amount

    $1,784

  • Sq. Footage

    3,570

  • Price/SqFt

    $158

HOA

  • Association

    No

School District

  • Elementary School

    Adams Elem.

  • Middle School

    Elias Michael Elem.

  • High School

    Vashon High

Property Features

  • New Construction

    NO

  • Foundation Details

    Stone

  • Senior Community YN

    NO

  • Water Source

    Public

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Location

County

St Louis City

Elementary School

Adams Elem.

Middle School

Elias Michael Elem.

High School

Vashon High

Listing Courtesy of Nidhi Soni, The Hermann London Group LLC

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Agent Greg Tolbert

Agent / Realtor®

Greg Tolbert

Call Greg today to schedule a private showing.

(573) 280-1219

greg@homeatthelake.com


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Located in the desirable Botanical Heights & rapidly appreciating Forest Park Southeast submarket, this well maintained 100% OCCUPIED quadruplex is a perfect investment opportunity to add to your real estate portfolio and PRICED TO SELL and instant equity. Comps in area for similar 1 bed/1 bath are well over this price point (4133 and 4130 McRee) and new construction homes sprinkled throughout are contributing to the rapidly increasing price points. Electric panels and plumbing have all been recently replaced within the last 6-8 years. With rents below market value, this building has the potential of an over 8.0% CAP RATE when increased. Each unit is approximately 650sf with a spacious living room, kitchen, bathroom, 1 bedroom & a private in-unit laundry area. The basement offers additional storage space. There is private off-street rear tenant parking for 4 vehicles. This unbeatable neighborhood nestled between Shaw & The Grove offers a quick walk to many great restaurants & the Missouri Botanical Gardens. You'll love nearby Tower Grove Park where you can enjoy farmer's markets, food trucks, festivals & amazing green space. Walking distance to WashU Medical Campus. Don't miss the opportunity to own this MUST SEE building!

4126 McRee Avenue

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