Rock Island Realty

4704 Michigan Avenue

St Louis, MO 63111

MLS#: 18021992

$34,900

Status: Closed
Listing number: 18021992
Listing provided by: Welcome Home Realty Group, LLC
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Mount Pleasant Place Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1895

Sq.Footage

1,700

Sales price is $12,600 lower than the 2% rule. 2nd floor tenant has been there for 4 years and pays regular. The downstairs is vacant but is occupied by the owners handy man for the time being. The downstairs unit will be painted and cleaned real good and will look better than what I have in the pics soon. Both units enter from the rear and the bedrooms are in the front. So on the 1st floor, there is a bedroom where the front door is. Home could use a little cosmetic work if you feel like doing it, but other than that it's in good shape. Roof, windows, electric, and plumbing have all be updated within about the last 10 years or so. Estimated rental #'s $1,050 Total monthly rent - 105 PM - 105 Maintenance - 60 Insurance - 50 Utilities - 58 Taxes - 75 Vacancy -------------------------------------- = $597 positive monthly cash flow = $7,164 cash flow per year = 18% ROI = A pretty darn good deal on a rental property.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1700.0

  • Basement YN

    NO

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.064

  • Lot Size(square feet)

    2,788

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $34,900

  • Tax Amount

    $706

  • Financing Options

    Seller Financing

  • Sq. Footage

    1,700

  • Price/SqFt

    $20

HOA

  • Association

    No

School District

  • Elementary School

    Monroe Elem.

  • Middle School

    Lyon-Blow Middle

  • High School

    Roosevelt High

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

St Louis City-MO

Elementary School

Monroe Elem.

Middle School

Lyon-Blow Middle

High School

Roosevelt High

Listing Courtesy of John D Skaggs, Welcome Home Realty Group, LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Greg Tolbert

Agent / Realtor®

Greg Tolbert

Call Greg today to schedule a private showing.

(573) 280-1219

greg@homeatthelake.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Sales price is $12,600 lower than the 2% rule. 2nd floor tenant has been there for 4 years and pays regular. The downstairs is vacant but is occupied by the owners handy man for the time being. The downstairs unit will be painted and cleaned real good and will look better than what I have in the pics soon. Both units enter from the rear and the bedrooms are in the front. So on the 1st floor, there is a bedroom where the front door is. Home could use a little cosmetic work if you feel like doing it, but other than that it's in good shape. Roof, windows, electric, and plumbing have all be updated within about the last 10 years or so. Estimated rental #'s $1,050 Total monthly rent - 105 PM - 105 Maintenance - 60 Insurance - 50 Utilities - 58 Taxes - 75 Vacancy -------------------------------------- = $597 positive monthly cash flow = $7,164 cash flow per year = 18% ROI = A pretty darn good deal on a rental property.

4704 Michigan Avenue

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Rock Island Realty via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

Bring your vision to this charming duplex featuring two 2-bedroom, 1-bath units, both currently vacant and ready for renovation. This property offers an opportunity to restore its historic character while creating updated living spaces designed to fit today’s market. The property retains some classic historic charm and architectural character, providing a great foundation for a renovation project. Whether you're an investor, contractor, or buyer looking for a value-add opportunity, this duplex offers plenty of potential. Property is being sold as-is. Buyer to perform their own due diligence regarding condition, renovation requirements and seller not to turn utilities on. Email offers only do not text offers, seller not interested in seller financing.
#26061552

St Louis

5143 Northland Avenue

None Beds

None Baths

2,592 Sq.Ft.

$35,000

MLS#: 26061552

Outstanding opportunity to own a duplex in North St Louis City. This Duplex offers large 1 bedroom units that feature a formal living room, dining room and a spacious bedroom. The kitchens in these units are huge and are big enough to be eat in kitchens.
#26058495

St Louis

4048 Shreve Avenue

None Beds

None Baths

2,328 Sq.Ft.

$40,000

MLS#: 26058495

Price reduced
None
#26054864

St Louis

8409 Pennsylvania Avenue

None Beds

None Baths

1,430 Sq.Ft.

$31,000

MLS#: 26054864

Investor opportunity! This all-brick duplex offers solid construction, timeless curb appeal, and excellent value-add potential. Featuring two spacious units, a covered front porch, and a detached two-car garage with alley access, this property is ideal for investors looking to add to their portfolio or owner-occupants seeking rental income. Bring your vision to this property, which offers a great opportunity for cosmetic updates and improvements to maximize its potential while preserving its classic character. Conveniently located near major highways, public transportation, shopping, dining, and other neighborhood amenities. Please do not disturb tenants. Property is being sold AS-IS.
#26043603

St Louis

1601 N Euclid Avenue

None Beds

None Baths

2,300 Sq.Ft.

$39,900

MLS#: 26043603

Price reduced
Attention Investors & Rehabbers! 2 Family building looking for a new life! Come and take a look! Good rental prospect! Brick construction / Full basement / Off street parking behind. As-Is sale / Cash or Hard Money Loan
#26046514

St Louis

5569 Palm Street

None Beds

None Baths

2,208 Sq.Ft.

$39,900

MLS#: 26046514

Two units. One bedroom, one bathroom each. 2,622 square feet of solid bones in a neighborhood with real upside — if you're willing to put in the work. This is a sweat equity play, plain and simple. The Greater Ville has been on investors' radar, and this duplex is priced to move for the buyer who knows what to do with it. Get both units rent-ready, stabilize the income, and you've got a cash-flowing asset at a price point most investors only dream about finding. The big-ticket items are already handled. Roof is only 3 years new — that's money in your pocket you won't have to spend. Pocket doors throughout add character you can't replicate cheap. New hot water heater is on-site, just needs installation. Somebody started the work. You finish it, you win. At $42,900 for 2,622 square feet, the math is hard to argue with. Numbers work. The location makes sense. The only question is whether you're ready to roll up your sleeves. Investors, landlords, and BRRRR buyers — this one's worth a look before it's gone.
#26043412

St Louis

4146 Labadie Avenue

None Beds

None Baths

2,622 Sq.Ft.

$41,000

MLS#: 26043412

Attention investors and rehabbers! This all-brick North City property is ready for a full renovation and offers a prime opportunity to restore and add value. Featuring spacious rooms, original millwork details, high ceilings, and a traditional layout, the home retains much of its historic character and is awaiting new vision and craftsmanship. Property is being sold strictly as-is. Seller to make no repairs, inspections, or warranties. Bring your contractor and imagination to unlock this property's potential!
#26042073

St Louis

3929 N Taylor Avenue

None Beds

None Baths

2,400 Sq.Ft.

$34,000

MLS#: 26042073

Welcome to 2603 Burd Avenue! Another opportunity to add diversity and value to your portfolio. What sets this one apart is, it already comes with some major updates. New roof, new electric, new fascia board, siding, tuck pointing, gutters and some new windows. Your house is only as strong as its weakest link and the owner's have made sure to check all of the boxes. There's room for investment but also with the opportunity to house hack. Looking to complete a project with a given head start, set a standard for a community that needs aspiration, all while still having the chance to make a profit. There's upside here. Calling all the overachievers and project seekers! This property is to be sold in as-is condition. Contact for private showing.
#26039244

St Louis

2603 Burd Avenue

None Beds

None Baths

2,200 Sq.Ft.

$35,000

MLS#: 26039244

Price reduced
Whether you're a first-time investor or looking to expand your portfolio, this income-producing property presents an excellent opportunity. The property at 4830 Ashland, St Louis City County 63115, is a 2-Family Flat built in 1913, featuring 2 baths, 3920 square feet of lot size, 2 stories and 5 bedrooms. Priced to sell, this investment offers strong potential and long-term value. The property is being sold AS IS, making it an ideal option for investors seeking a competitively priced asset. Additionally, this home is one of several investment properties available from the same owner, creating a unique opportunity to purchase multiple properties as part of a larger portfolio.
#26038723

St Louis

4830 Ashland Avenue

None Beds

None Baths

1,954 Sq.Ft.

$40,000

MLS#: 26038723

Attention investors and rehabbers! This 2 unit building with 2-bedroom, 1-bath property offers strong upside potential and is ready for your vision. Located in the Wells-Goodfellow / Hamilton Heights area, this property would make an excellent fix-and-flip, rental, or long-term investment opportunity. Property Features: 2 Bedrooms / 1 Bathroom - Upstairs and downstairs Spacious Layout Large Lot Strong Rental Potential Investor-Friendly Area Convenient Access to Major Roads and Public Transportation The property needs repairs and updating and is being sold as-is. Great opportunity for investors looking to add value and build equity. Whether you are looking for your next rehab project or rental portfolio addition, this property has excellent potential.
#26030981

St Louis

5651 Wells Avenue

None Beds

None Baths

1,844 Sq.Ft.

$39,500

MLS#: 26030981

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Rock Island Realty via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by Rock Island Realty via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service